Greystar Enters UK Market With Student Housing Buy

Law360, New York (October 04, 2013, 5:12 PM ET) -- Greystar Real Estate Partners has teamed up with Goldman Sachs Group Inc. to purchase a portfolio of student housing properties in the U.K. out of Opal Property Group Ltd.'s bankruptcy proceedings for an undisclosed price, Greystar announced Thursday.

The portfolio includes 21 properties, mostly located in London, Manchester, Leeds and Liverpool, and will be Greystar's first venture in the U.K.

Greystar said that the agreement was signed in late September, and the acquisition is expected to be complete by the end of this month.

“This transaction...
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