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Greystar acquires student accommodation portfolio in Spain

December 2017

Client(s) Greystar Real Estate Partners, LLC

Jones Day advised Greystar Real Estate Partners, LLC in its joint venture with AXA Investment Managers - Real Assets, acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also acting on behalf of its clients, in its acquisition of a portfolio of 37 student residences in Spain (33 operating and 4 under development) owned by Grupo RESA (Spain's market leader in student accommodation), from Azora, Arta Capital, Banca March, and Mutua Madrileña. This transaction represents the largest investment transaction in student housing on the Iberian Peninsula.

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