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Recap of deals, development news since Christmas

Recap of deals, development news since Christmas
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Ascott Residence Trust Doubles Its Student Accommodation Assets with US$213 Million Acquisition of Four Properties in USA

Grows longer-stay lodging assets to 16% of total portfolio to further enhance income resilience.

University cityUnited statesNorth carolinaBeh siew kimIvy leagueLink university cityAscott business trust management pteAscott residence trustAscott residence trust managementResidence trustUncommon wilmingtonStapled securityChief executive officerAscott residence trust management limitedAscott business trust managementStapled securityholders

ASCOTT RESIDENCE TRUST DOUBLES STUDENT ACCOMMODATION ASSETS WITH US$213M ACQUISITION

Grows longer-stay lodging assets to 16% of total portfolio to further enhance income resilience

University cityUnited statesNorth carolinaBeh siew kimIvy leagueLink university cityAscott business trust management pteAscott residence trustAscott residence trust managementResidence trustUncommon wilmingtonStapled securityChief executive officerAscott residence trust management limitedAscott business trust managementStapled securityholders

Ascott Residence Trust Doubles Its Student Accommodation Assets With US$213 Million Acquisition Of Four Properties in USA

Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US$213.0 million (S$291.2 million). The four assets have a total of 1,651 beds, serving more than 100,000 students across five universities in three states.

University cityUnited statesNorth carolinaBeh siew kimIvy leagueLink university cityAscott business trust management pteAscott residence trustAscott residence trust managementUncommon wilmingtonStapled securityChief executive officerAscott residence trust management limitedAscott business trust managementStapled securityholdersAcademic year

Ascott Doubles Its Student Accommodation Assets

Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US3.0 million (S1.2 million).

University cityUnited statesNorth carolinaBeh siew kimIvy leagueLink university cityAscott business trust management pteAscott residence trustAscott residence trust managementUncommon wilmingtonStapled securityChief executive officerAscott residence trust management limitedAscott business trust managementStapled securityholdersAcademic year

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