The assets are made up of eight properties and 5,400 beds, in universities in the United States where enrollment is increasing.

Blackstone Real Estate and Landmark Properties have agreed to recapitalize a portfolio of student residences in the United States, in an operation valued at 784 million dollars.

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Student housing has a history of resilience while generating strong cash flows. 

"We look forward to increasing our presence in this asset class and working with Landmark on future operations," said Jacob Werner, Senior Managing Director, Blackstone Real Estate.

Student residences appear to be an increasingly attractive investment option for alternative asset managers, as reported by Bloomberg.

Brookfield Asset Management is in talks with student housing developer Scion Group about a $ 1 billion student housing venture, the investment giant's first foray into the sector.

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Landmark is America's busiest student housing developer and contractor, with more than $ 7.7 billion in assets under management, more than 50.600 student beds and another $ 3.5 billion in assets under construction.

Unlike Brookfield, Blackstone is no stranger to student housing. In 2018, the firm partnered with Greystar Real Estate Partners to invest $ 1.2 billion in a portfolio of 10,500-bed student housing.

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