CORE SPACES

Harrison Street and Core Spaces Launch $1.5 Billion Build-to-Rent Joint Venture

Retrieved on: 
Monday, January 10, 2022
Commercial Building & Real Estate, Construction & Property, Finance, Urban Planning, Banking, REIT, Professional Services, Building Systems, Residential Building & Real Estate, City, Harrison Street, Investment, Pension, JV, Georgia Tech, Bed, Growth, CEO, Solution, The Best Place to Be, Housing, Culture, Urbana, BTR, University of Oklahoma, Auburn University, Multimedia, University of South Florida, University, Partnership, Acquisition, Real estate, Technology, Core, Core Spaces, Harrison Street, CORE SPACES, HARRISON STREET

Since its founding in 2010, Core Spaces has developed and acquired residential projects valued in excess of $6.0 billion across the U.S.

Key Points: 
  • Since its founding in 2010, Core Spaces has developed and acquired residential projects valued in excess of $6.0 billion across the U.S.
  • The growth into the BTR sector will leverage Core Spaces national development experience, vertically integrated team, and residential focus.
  • Harrison Street has been a great partner of Core Spaces over the years, and we look forward to our continued growth together, said Marc Lifshin, Founder and CEO of Core Spaces.
  • Harrison Streets pioneering approach to investing in BTR and student housing communities globally has been instrumental in establishing the JV with Core Spaces.

Ares Management and Core Spaces Launch $400 Million Student Housing Partnership

Retrieved on: 
Thursday, November 4, 2021
Other Consumer, Construction & Property, Finance, Professional Services, Collegiate, Consumer, Other Construction & Property, Other Professional Services, Residential Building & Real Estate, Housing, Entrepreneurship, City, Alberta Investment Management Corporation, Partnership, NYSE, CEO, ARES, Financial adviser, Ares, Solution, Acquisition, Bed, Financial services, Ares Management Corporation, Core Spaces, ARES MANAGEMENT CORPORATION, CORE SPACES

Ares Management Corporation (Ares) (NYSE: ARES) and Core Spaces , a leading real estate company and student housing developer, owner and operator, announced today a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student housing assets valued at over $400 million.

Key Points: 
  • Ares Management Corporation (Ares) (NYSE: ARES) and Core Spaces , a leading real estate company and student housing developer, owner and operator, announced today a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student housing assets valued at over $400 million.
  • This represents the initial transaction for the partnership that will seek to grow an attractive student housing portfolio targeting premier college and university markets across the U.S.
  • The acquired properties are high quality student housing assets totaling approximately 2,700 beds and include attractive amenities for residents.
  • We are proud to partner with Ares and capitalize on the strong market backdrop supporting U.S. purpose-built student housing investment adjacent to Tier 1 universities, said Marc Lifshin, Co-Founder and CEO of Core Spaces.