Centaline US Student Housing Fund I 2019 Fourth Quarter Report
2020-04-10
Centaline US Student Housing Fund has invested in the US student housing market for more than a year and currently holds two student apartment projects – The Estates at San Antonio (San Antonio, Texas) and Eclipse on Broad (Athens, Georgia). In the past year, the project was operating smoothly and renovation works were successfully completed. The pre-leasing work in 2020/21 is also proceeding as planned. The pre-leasing rate and rental growth are in line with the target. The average rent, rental rate and valuations are as well on the up.
From our data and past research analysis, we are confident of the resilience of the student housing in protecting the investment of our clients. Looking forward, we have begun preparations for the launch of the new phase of Centaline US Student Housing Fund so as to help our clients to diversify their portfolio and manage risks in the volatile market.