Safanad, Aspen Heights Form Strategic Partnership

AUSTIN—Investment firm Safanad and Austin-based Aspen Heights, a developer and operator of off campus student housing across the United States, have entered into a strategic partnership to target “newly-developed purpose-built student housing properties at large universities.”

As part of this agreement, Safanad and Aspen Heights will recapitalize the ownership of a portfolio of student housing properties currently owned by Aspen Heights and its investment partners. The purchase price of this portfolio is over $400 million and includes eight properties with over 6,600 beds. [GlobeSt]



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