All Articles
Generic pic

Henderson launches US Student Housing Fund

​Henderson Global Investors is engaging with investors on the launch of a US Student Housing Fund. The business has announced plans for a new institutional investment opportunity targeting the US student housing market. The Henderson Student Housing Fund will invest in high quality by-the-bed student housing properties across target markets within the US, and has a current active pipeline of attractive investments.

Henderson Global Investors is engaging with investors on the launch of a US Student Housing Fund. The business has announced plans for a new institutional investment opportunity targeting the US student housing market. The Henderson Student Housing Fund will invest in high quality by-the-bed student housing properties across target markets within the US, and has a current active pipeline of attractive investments.

Through the core-plus fund, the firm will target already-built properties associated with public universities with a minimum of 15,000 students. Henderson also will put an added focus on schools with Division I sports programs, such as football or basketball.

One of Henderson’s investment criteria for the fund is that less than 25 percent of the housing that’s provided for the university will be ‘by-the-bed’ or ‘purpose-built’ housing. The vast majority of the investments will be in off-campus properties that are within walking distance of the university.

Through the fund, Henderson is looking at two strategies: to invest in properties with joint venture partners and to invest 100 percent in the properties while using a third-party manager to run the day-to-day operations of the assets. For direct investments, third-party specialist campus property manager, Greystar, will be used for on-site management. Joint venture investments will be made in partnership with best-in-class student housing owner/operator, Pierce Education Properties, L.P., who will be responsible for the day-today management of those properties. Henderson’s experienced in-house asset managers will supervise the property management activities of both Greystar and Pierce.
AJ Richard, Director of Portfolio Management, Henderson North America, said: "Henderson believes the student housing sector possesses strong near-term demand/supply characteristics and is attractively priced relative to other sectors. By aligning with specialist student housing operators, Henderson is well positioned to access investment opportunities and deliver strong performance for its investors."

Press Office

Gemma Young, Head of Marketing & Communications

+12129165510

Sophie Hinder-Walbank, Marketing & Communications Manager

+442037278251