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Blackstone Bets Big on Student Housing With $13 Billion Deal for American Campus Communities

REIT’s Portfolio Comprises 166 Properties in 71 Top US University Markets
American Campus Communities, owner of Tooker House at Arizona State University, has agreed to an all-cash buyout from Blackstone Group. (American Campus Communities)
American Campus Communities, owner of Tooker House at Arizona State University, has agreed to an all-cash buyout from Blackstone Group. (American Campus Communities)
CoStar News
April 19, 2022 | 2:03 P.M.

Private equity giant Blackstone Group is making a huge leap into the student housing property sector as two of its affiliates agreed to buy American Campus Communities, the largest developer, owner and manager of student housing complexes in the United States.

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