Alignvest Student Housing acquires PBSA asset in Ottawa
Alignvest Student Housing Real Estate Investment Trust (ASH REIT) has acquired 1Eleven, a purpose-built student accommodation (PBSA) property in Ottawa. Terms weren’t disclosed. 1Eleven is a 16-storey, 357-bed off-campus student residence near the University of Ottawa and Carleton University. The acquisition is the second made by ASH REIT, which in July raised $65 million. It will increase the fund's asset base to about $125 million. ASH REIT is managed by Alignvest Student Housing, an affiliate of Canadian alternative investment manager Alignvest Management Corp.
1 November 2018•3 mins read
