The London Real Estate Industry team advised Generation Partners on the formation of a programmatic joint venture with Ares Management to acquire purpose-built student accommodation assets in the UK. The newly established JV has already acquired three student accommodation assets providing a total of 1,660 beds in the cities of Exeter, Cardiff, and Glasgow.
Generation is an alternative development and investment manager focused on the residential sectors with particular expertise in purpose-built student accommodation, having developed and acquired over 6,000 beds in the UK and Ireland.
Ares Management Corporation is a leading global alternative investment manager operating integrated groups across credit, private equity, real estate, and strategic initiatives.
The Goodwin team was led by Justin Cornelius and Adnan Bhaiji.
For more details, read the press release.