Core Spaces Forms Investment Partnership, Commits to Acquire $1 Billion in U.S. Student Housing

Chicago — Core Spaces has formed a joint venture partnership with two undisclosed international commercial real estate investment firms to acquire and operate a portfolio of student housing properties across the U.S. The joint venture has initially committed to acquiring over $1 billion of assets to establish the portfolio. Core Spaces will manage and operate the portfolio on behalf of the joint venture. “We are excited to launch this new strategic venture with two new partners to Core,” says Marc Lifshin, founder and CEO of the Chicago-based company. “The venture enables Core to selectively grow our best-in-class portfolio and provide residents with an unmatched living experience. Despite the global pandemic, student housing operating fundamentals have remained strong and we continue to see a bright future for the sector.”