In December 2020 GSA entered the US with the acquisition of a portfolio of 27 properties. In December 2021 we cemented our presence in the market with a multibillion dollar JV with a fund advised by Morgan Stanley Real Estate Investing (MSREI) to invest in US student housing.
This long-term strategic JV enables both GSA and MSREI to substantially grow our exposure sector and aligns with our growth strategy to become a market leader in US student housing.
GSA continues to grow the portfolio, which today comprises over 18,000 beds across 23 states and 32 cities. Many of our properties are situated in prime locations next to major universities and research institutions, including next to Power Five schools in Alabama, Oregon, Washington, Arizona and Kentucky.