October 7, 2020
Chicago-based CA Ventures said QuadReal Property Group, based in Vancouver, had acquired a 50% interest in its U.S. student living platform. The transaction formalizes the conversion of QuadReal’s existing entity-level investments with CA to an ownership stake in the company.
QuadReal’s commitment with CA is US$1.6 billion. It includes other CA investment vehicles strategically designed to support the continued growth of the firm’s student housing portfolio.
“This is a celebrated milestone for our student living business and the beginning of the exciting next chapter in our longstanding relationship with QuadReal,” said Tom Scott, CEO at CA.
Even as this year is delivering unexpected dynamics to the landscape of higher education, students studying in the U.S. need safe and comfortable homes away from home,” said QuadReal’s Jonathan Dubois-Phillips. “CA has long understood the needs and expectations of students and their families. What CA offers is as relevant today as ever.”
For comments, questions or concerns, please contact Paul Bubny