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Greystar acquires five high-quality UK assets for £388 million

January 2022

Client(s) Greystar Real Estate Partners, LLC

Jones Day advised Greystar Real Estate Partners, LLC in the £388 million acquisition of four purpose built student accommodation ("PBSA") assets and one build-to-rent ("BTR") asset from Downing.

The four PBSA assets comprise a total of 1,807 beds in the leading university cities of London, Manchester, and Coventry. The BTR asset is also located in Coventry and comprises 100 homes, which Greystar will operate as young professional (under-25) housing. The two London assets in Lambeth and North Acton will be added to the Chapter portfolio, and the assets in Manchester and Coventry will operate under a new pan-European student and young professional accommodation brand unveiled for the first time by Greystar as Canvas.

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