Montreal — Kayne Anderson Real Estate Advisors and Campus Suites have tapped Asset Campus Housing to manage Parc Cité, a 280-bed student housing community located in Montreal.
This property will mark Asset Campus’ entrance into Canada. Parc Cité opened in 2014, and serves students attending McGill University, as well as other nearby schools. Community amenities include fully furnished units, a fitness center, study rooms, an onsite Tim Horton’s coffee shop and a Chefs on Call location, which provides students and young professionals with a wide range of competitively priced, quality foods.
“We are always looking for opportunities to expand our international presence,” says Ryan McGrath, president of Asset Campus Housing. “We are extremely excited to expand our relationship with Kayne Anderson in Canada, and for the chance to bring our expertise to that market while working alongside some of the industry’s best operators and developers.”