Jones Day-Led Greystar Buys £291M Of KKR Student Housing

Law360 (February 18, 2021, 3:44 PM EST) -- KKR said Thursday it sold five student housing developments across the United Kingdom to Jones Day-led real estate group Greystar for £291 million ($406 million).

KKR & Co. Inc. said in the joint statement with Greystar Real Estate Partners LLC that the complexes include more than 2,160 units in London, Glasgow, Coventry and Bristol, four of which are already open. The development in Bristol is still under construction and set to open in September of this year, they added.

"These assets have helped to address the growing demand for high-quality accommodation across university hubs in the U.K. that provide a focus...

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