Earlier this year, Singapore’s sovereign wealth fund, GIC, formed a joint venture with the Canada Pension Plan Investment Board and The Scion Group to buy a student housing portfolio in the United States for around US$1.1 billion. Mapletree, a non-listed real estate giant in Singapore, is also in the purpose-built student accommodation (PBSA) market. Under the Mapletree Global Student Accommodation Private Trust, Mapletree has 35 student accommodation assets located in 22 university cities across the United Kingdom and the United States. Money is flowing into the PBSA market due to the higher returns of student accommodation assets compared to commercial spaces and residential housing. Student housing is also recession-proof, and with a supply-demand mismatch (more students than beds ava

In 3Q 2018, I decided on many things in the non-REIT space and this will be the first in a series of blogs on my decisions. Several times in 3Q 2018, I managed to add to my investment in Centurion as its price declined closer to 40c a share. It... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]