Blackstone to Sell $1.6 Billion of Student Housing to KKR
- Deal includes portfolio of 19 student-housing properties
- Blackstone will continue to bet on student housing with ACC
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Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Blackstone Real Estate Income Trust will offload 19 student-housing properties with more than 10,000 beds to funds managed by KKR, according to a statement Thursday. The deal, which is expected to be completed by the third quarter, includes properties located near 14 public universities.