US real estate investment manager Core Spaces has secured $1.64bn (€1.39bn) for its student housing fund following the receipt of capital commitments from a range of global investors.
Marc Lifshin, co-founder and CEO of Core Spaces, said: “This is a big moment for us, but it reflects how we’ve always thought. From the start, we saw something others didn’t and pioneered urban infill student housing by placing our communities where students actually live, not miles away.
“We never set out to just build housing. We set out to create experiences by understanding how people want to live and obsessing over every detail to bring that to life. We’ve never followed the playbook.”
John Wieker, CIO at Core Spaces, said: “This successful close reflects a shared conviction in our strategy and the long‑term fundamentals of student housing.
“We value the collaborative partnerships we’ve built with our investors and look forward to continuing to grow together as we seek to execute on our pipeline and advance the next phase of Core’s development and operating platform.”
Established in 2010, Core Spaces acquires, develops and manages assets within the US student housing and build-to-rent (BTR) sectors.
The firm’s student housing portfolio comprises more than 74,440 beds under ownership or management, alongside a development pipeline of 53,860 beds. The BTR division consists of over 3,000 homes currently under development, leasing or within its pipeline.
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