In 2016, Brookfield acquired a 13-property portfolio as a base for creating an off-campus student housing platform across the U.K. The investment addressed undersupply in key university cities to meet the growing demand from international students. Brookfield was attracted to the sector due to our belief that the underlying demand drivers would continue to be strong as the globally mobile student population grew.
Through our operational expertise, we transformed a collection of independent properties with outsourced operations into a leading national developer and operator of premier student housing assets with a recognized brand. We worked with the existing management team to expand the business through add-on transactions. Their market knowledge, combined with Brookfield’s transaction capabilities, enabled us to double the size of the portfolio in the first year, building sufficient scale to assemble a full corporate platform behind the business.