Brookfield Weighs Sale of €1.9 Billion European Student Dorms

Brookfield Asset Management Ltd. is weighing the sale of a major European student housing business as the company looks to ramp up disposals from its real estate funds after several years of anemic dealmaking.

The alternative asset manager has appointed Morgan Stanley to advise on a potential sale of International Campus, people with knowledge of the process said. The business, which owns 20 properties with about a combined 7,100 beds, is expected to attract bids in the region of €1.9 billion ($2.2 billion), the people said, asking not to be identified as the process is private.