QuadReal Acquires 3,500 Bed Student Housing Portfolio for Over £500m from Apollo
VANCOUVER, British Columbia — QuadReal Property Group ('QuadReal'), a global real estate investment, development and operating company, has acquired an eight-asset, 3,460 bed purpose-built student accommodation (PBSA) portfolio from Apollo-managed funds and entities.
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The high-quality portfolio is comprised of assets located in key PBSA markets across the UK, including London, with 75% of the portfolio situated within proximity of prestigious Russell Group universities. All the buildings were developed within the last five to seven years to a high specification, and are well amenitised with gyms, co-working spaces, audio-visual rooms, common areas, and event spaces.
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Residential is an area of high conviction for QuadReal. PBSA specifically is a resilient and a counter-cyclical asset class that offers stable income, structural demand, and long-term growth potential. With persistent undersupply in key university cities, growing international and domestic student populations, and a shift towards higher-quality, professionally managed accommodation, PBSA provides both defensive characteristics and attractive risk-adjusted returns.
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The UK PBSA sector is expected to outperform other asset classes over the next few years on the back of resilient market fundamentals. The country has the largest student population in Europe, as well as the highest share of international students, with overall full-time student numbers continuing to rise. The UK market is structurally undersupplied, with an estimated shortfall of 840,000 units expected by 2027.
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QuadReal has significant experience in the residential and student accommodation sectors. Its global portfolio includes over 65,000 residential units and 28,000 student beds, predominantly in North America and Australia. In the UK, QuadReal has over 8,500 residential units and 1,000 student beds across 29 communities and has delivered more than 1,300 units in 2024 alone, in part via its partnership with Realstar.
The asset manager for this portfolio of PBSA is OPRE Solutions.
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Jay Kwan, Managing Director, Europe, at QuadReal said:
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'Across our global portfolio, we are highly selective about the assets we acquire, and target markets with strong fundamentals and significant demand drivers. With resilient demand, structural undersupply, and a large cohort of international students, we have been actively looking to grow our PBSA exposure in the UK and this is an opportunity to expand our student housing platform.'
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Kristian Branum-Burns, Senior Vice President, Europe, International Real Estate, at QuadReal said:
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This transaction is fully aligned with our fundamentals-driven residential strategy in Europe, and student accommodation is a crucial sector for us. These are high quality, amenity-rich assets servicing in-demand universities across the country, and the portfolio is well placed to deliver sustained rental growth over the coming years.'
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About QuadReal Property Group
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QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.
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Globe and Mail
6 hours ago
- Globe and Mail
Postal Realty Trust, Inc. Reports Second Quarter 2025 Results
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"Our continued success in executing 10-year leases with annual rent escalations, adding mission critical postal properties to our portfolio, and maintaining a strong balance sheet has enhanced the clarity of our earnings power and cash flows, positioning us to increase our inaugural AFFO per share guidance. Our relationship with our tenant, the U.S. Postal Service, remains stronger than ever. We remain committed to executing our strategy of disciplined growth through the prudent scaling of our platform, delivering consistent internal and external growth, and we believe we are well positioned to drive long-term shareholder value in the quarters ahead." Property Portfolio & Acquisitions The Company's owned portfolio was 99.8% occupied, comprised of 1,806 properties across 49 states and one territory with approximately 6.8 million net leasable interior square feet and a weighted average rental rate of $11.11 per leasable square foot based on rents in place as of June 30, 2025. 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Replay A telephonic replay of the call will be available starting at 1:00 P.M. Eastern Time on Tuesday, August 05, 2025, through 11:59 P.M. Eastern Time on Tuesday, August 19, 2025, by dialing 1-844-512-2921 in the United States and Canada or 1-412-317-6671 internationally. The passcode for the replay is 10201892. Non-GAAP Supplemental Financial Information An explanation of certain non-GAAP financial measures used in this press release, including, FFO, AFFO and net debt, as well as reconciliations of those non-GAAP financial measures, to the most directly comparable GAAP financial measure, is included below. The Company calculates FFO in accordance with the current National Association of Real Estate Investment Trusts ('NAREIT') definition. 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Forward-looking statements include statements identified by words such as 'could,' 'may,' 'might,' 'will,' 'likely,' 'anticipates,' 'intends,' 'plans,' 'seeks,' 'believes,' 'estimates,' 'expects,' 'continues,' 'projects' and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company's anticipated growth and ability to obtain financing and close on pending transactions on the terms or timing it expects, if at all, are based on the Company's current expectations and assumptions regarding capital market conditions, the Company's business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. 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