Blackstone sells 10,000+ bed, across 19 purpose-built student housing properties for $1.64B to KKR

4/25/2024

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Connect CRE

• Subcategory: MF: Student

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden, MF: Highrise, MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: KKR & Co Inc. (NYSE: KKR), Blackstone Group (NYSE: BX)

KKR and Blackstone Real Estate Income Trust said Thursday that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. BREIT acquired the portfolio in 2018 for $1.2 billion in a joint venture with Greystar Real Estate Partners.