Alignvest Student Housing to buy four Ontario PBSA assets

Alignvest Student Housing (ASH) has agreed to acquire four off-campus purpose-built student accommodation (PBSA) properties in Ontario. No financial terms were disclosed. The purchases include two Waterloo PBSA assets near Wilfrid Laurier University and the University of Waterloo. ASH will also buy assets close to McMaster University in Hamilton and the University of Ontario Institute of Technology in Oshawa. ASH, an affiliate of Alignvest Management Corp, said the deals will grow its asset base to nearly $400 million. Earlier this month, PE Hub Canada wrote about ASH's strategy to consolidate Canada's PBSA sector.

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