New York — Campus Apartments and Clarion Partners have closed on Campus-Clarion Student Housing Partners LP, a $402.9 million investment vehicle that invests in student housing in the United States.
The vehicle closed with equity commitments from domestic and international investors, predominately institutional. The fund will afford approximately $1.2 billion in buying power, and is the largest student housing fund by a vertically integrated manager.
Campus Apartments and Clarion Partners are co-general partners for the fund. The fund will seek investments in student housing and university-related real estate throughout the country and look to execute its strategy through the acquisition and development of on- and off-campus projects.