As previously reported, under the terms of the agreement between KAREA and SHP, KAREA acquired all outstanding shares of Sentio in an all-cash transaction based on an estimated total asset value of USD 825m.
76m, which could be released at the end of three years, subject to reduction as a result of certain indemnification rights of KAREA under the merger agreement.
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.
, the real estate private equity arm of Kanye Anderson Capital Advisors, L.