CPPIB to pay $1.4 bln for U.S. student housing portfolio: Reuters

Canada Pension Plan Investment Board said it has agreed to buy a student housing portfolio in the United States for around US$1.4 billion, in partnership with Singapore wealth fund GIC and The Scion Group, Reuters reported. The three parties said they had formed a student housing joint venture, Scion Student Communities, which will acquire University House Communities Group.

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