Throughout the last year, KAREA
sold 23 of its assets, 20 of which were included in the largest private sale of a student housing portfolio in history for $862.
As our portfolio grows, being able to efficiently and effectively identify and analyze performance trends is essential," said David Friedman, managing director of KAREA.
KAREA is actively seeking student housing real estate assets of 150 units or more in close proximity to large public universities with strong student enrollment growth.
We are delighted that we were able to partner with KAREA in order to negotiate a buyout and keep the Aston Gardens assets in our portfolio," added Thomas J.
KAREA currently has three funds, with commitments of more than $1.
David's impressive background, and particularly his entrepreneurial mindset, aligns perfectly with who we are as a firm," said Al Rabil, KAREA Managing Partner and CEO.
Throughout his career Selznick has acquired, underwritten and/or securitized over $1 billion in commercial real estate transactions, bringing a broad perspective and great value to his current role at KAREA.
Through its partnership with an experienced operator like Flagship, KAREA
is able to expand upon its niche market strategy to take advantage of opportunistic situations in the self storage sector and other non-core real estate sectors.