The London Real Estate Industry team advised Generation Partners on the formation of a programmatic joint venture with Ares Management to acquire purpose-built student accommodation assets in the UK. The newly established JV has already acquired three student accommodation assets providing a total of 1,660 beds in the cities of Exeter, Cardiff, and Glasgow.
Generation is an alternative development and investment manager focused on the residential sectors with particular expertise in purpose-built student accommodation, having developed and acquired over 6,000 beds in the UK and Ireland.
Ares Management Corporation is a leading global alternative investment manager operating integrated groups across credit, private equity, real estate, and strategic initiatives.
For more details, read the press release.