Student Housing Developers Increasingly Turn to Public-Private Partnerships
The value of P3s in higher education more than doubled in recent years, according to an EY report.
Greystar Real Estate Partners LLC’s recent acquisition of student housing REIT EdR gives it a bigger foothold in the expanding market for public-private partnerships (P3s) and could step up P3 competition with student housing REIT American Campus Communities Inc.
When the Greystar-EdR deal closed in September, Greystar’s founder, chairman and CEO Bob Faith said the $4.6 billion acquisition “advances our long-term strategy to grow our global student housing footprint.” He later noted that EdR’s presence in the P3 sector was a compelling element of the acquisition …