QuadReal Property Group Acquires and Launches New Student Housing Brand, Article Student Living
QuadReal Property Group, a global real estate investment, operating and development company headquartered in Vancouver, British Columbia, announced it has recently acquired the U.S. student housing business of CA Ventures. Under QuadReal’s ownership CA Student Living (“CASL”) will operate as a new brand, Article Student Living.
The acquisition of the U.S. student housing business supports QuadReal’s long term investment strategy in the sector where it continues to have high conviction. QuadReal first became a real estate partner of CASL in 2017 and has held an indirect passive stake in the business since September 2020.
“We are thrilled to launch Article Student Living, which represents a key part of QuadReal’s long-term investment strategy in the U.S. Article’s 500 employees are passionate about elevating student living and delivering operational excellence, and we will continue to build on their existing momentum and commitment to bring a best-in-class experience to our residents and partners,” said Dennis Lopez, Chief Executive Officer, QuadReal Property Group.
The full acquisition will enable QuadReal to combine capabilities, resources, and best practices and create the leading real estate investment manager dedicated to U.S. student housing. Its aim will be to meticulously craft living spaces that inspire growth and foster learning and connection.
“We have witnessed firsthand QuadReal’s unwavering commitment to the success of our team since we first partnered,” said Thierry Keable, President, Article Student Living. “Today marks an important milestone in our journey together. Our new brand represents our commitment to deliver quality and strong performance. At Article Student Living, we strive to offer students more than a place to stay. We build and provide vibrant hubs of learning and connection.”
To learn more about Article Student Living including services, properties and career opportunities, visit www.articlestudentliving.com.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $73.8 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
QuadReal Property Group