CapitaLand Ascott Trust (#CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, United States of America. The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%, higher than the 6.2% EBITDA yield that was projected in 2021 on the basis that the property has achieved stable performance. The acquisition is funded by proceeds from CLAS’ earlier divestments. Serena Teo, Chief Executive Officer of CLAS, said: “The acquisition of Standard at Columbia is in line with CLAS’ strategy to marry stability and growth to generate long-term returns to Stapled Securityholders. Recycling capital from our divestment proceeds into this longer-stay asset with strong operating performance will further boost our returns. With an average length of stay of about one year, student accommodation properties enhance CLAS’ stable income stream and strengthen our portfolio’s resilience against macroeconomic uncertainties. It diversifies our portfolio which also comprises hospitality assets such as serviced residences or hotels that allow us to capture travel demand for growth income.” The 678-bed Standard at Columbia serves the nearby University of South Carolina (USC), which is the largest university in the state. It is one of the best performing student accommodation properties serving the USC, commanding one of the highest rents per bed. For the upcoming academic year (AY) 2024-2025, the pre-leasing occupancy rate has reached 99% as at end May, with rental growth of about 4% compared to AY 2023-2024. For more, visit: https://bit.ly/CLASSaC10 #Acquisition #REIT #PBSA #Lodging
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TRANSACTION NEWS: Greystar has acquired a seven-asset, 5,662-bed purpose-built student accommodation (PBSA) portfolio in Australia for A$1.6 billion ($1.02 billion).
Greystar secures landmark $1b PBSA acquisition in Australia
https://irei.com
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[NEWS] Greystar acquires Australian PBSA portfolio Greystar has bought an Australian PBSA portfolio from Singapore property group Wee Hur and sovereign fund GIC. 🇦🇺🏢 Greystar has made its first entry into the Australian Purpose-Built Student Accommodation (PBSA) sector by acquiring a portfolio of 5,500 beds for A$1.6 billion. The assets, located across Sydney, Melbourne, Brisbane, Adelaide, and Canberra, expand Greystar’s Asia-Pacific assets under management to $4 billion. Adam Pillay, Greystar’s Executive Director for Asia Pacific, highlighted the strong demand in Australia's student housing sector, driven by world-class education institutions and an undersupply of high-quality housing. Wee Hur retains a 13% stake in the portfolio. Wee Ping Goh, CEO of Wee Hur Capital, described the deal as a strategic move that maximized value for investors. Read more HERE > https://lnkd.in/eUe4NzBG Reading time: 2 minutes #greystar #PBSA #studenthousing #australia #realestate #investment 🏠🌏✨
Greystar buys Australian PBSA portfolio
https://urbanliving.news
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Unveiling the Lucrative World of HMO Investments in the North of England In recent years, the landscape of property investment has seen a notable shift towards the realm of Houses of Multiple Occupancy (HMOs), particularly in the flourishing regions of Northern England. With its burgeoning cities, thriving student populations, and robust rental markets, the North presents an enticing opportunity for astute investors seeking lucrative returns. Let's delve into why HMO investments in the North of England are garnering attention and explore the key factors driving this trend. 1) High Demand and Rental Yields: Cities like Manchester, Liverpool, and Leeds boast vibrant economies and renowned universities, attracting a constant influx of students and young professionals. This demand for accommodation has created a robust rental market, with HMOs offering a practical and affordable solution for tenants. The high demand translates into impressive rental yields for investors. 2) Diverse Tenant Base: HMOs cater to a diverse range of tenants, including students, young professionals, and individuals seeking shared living arrangements. This diversity reduces vacancy risks and ensures a steady stream of rental income throughout the year. 3) Regulatory Support and Licensing: Local authorities in the North of England have implemented robust regulations and licensing schemes governing HMO properties. While this may entail certain obligations for landlords, such as adhering to safety standards and property maintenance requirements, it also provides a framework for ensuring the quality of HMO accommodations. Investors can navigate these regulations effectively, safeguarding both their investments and the well-being of their tenants. 4) Value for Money and Appreciation Potential: Compared to traditional buy-to-let properties, HMOs offer superior rental income potential due to their ability to generate multiple streams of revenue from individual tenants. Additionally, the relatively lower property prices in the North of England, coupled with steady appreciation rates, present an opportune environment for investors to acquire HMO assets at competitive prices and benefit from long-term capital growth. 5) Professional Management Services: Managing HMO properties requires a certain level of expertise and hands-on involvement to ensure optimal occupancy rates and compliance with regulations. Fortunately, investors in the North of England can leverage professional property management services that specialise in HMOs. In conclusion, HMO investments in the North of England represent a compelling opportunity for savvy investors seeking robust returns and portfolio diversification. With favourable market dynamics, regulatory support, and professional management solutions, HMO properties offer a pathway to sustainable income generation and wealth accumulation.
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The Professional Property Investor’s Strategies In This , The Firs 5 of 10 Points, As Why Investing In HMO Today Is a Great Strategy For Property Investors . High Rental Yields: HMO properties typically have higher rental yields than traditional buy-to-let properties due to the increased number of tenants. Diversification: HMO properties can offer diversification within a property portfolio as they can provide multiple income streams from multiple tenants. Demand: There is a growing demand for HMO properties due to the increasing number of people living in shared accommodation. Flexibility: HMO properties can be used for different types of tenants, such as students, young professionals, or key workers, providing greater flexibility in the rental market. Higher Occupancy Rates: HMO properties can achieve higher occupancy rates than single-let properties due to the ability to let out individual rooms as well as the property as a whole. Thank you for your time today . And if you would like more information on Property Investing and all the strategies that are available . Please get in touch .. Kind Regards Jason Woodhams… Cash Flow-Properties The CashFlow-Course
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The Professional Property Investor’s Strategies In This , The Firs 5 of 10 Points, As Why Investing In HMO Today Is a Great Strategy For Property Investors . High Rental Yields: HMO properties typically have higher rental yields than traditional buy-to-let properties due to the increased number of tenants. Diversification: HMO properties can offer diversification within a property portfolio as they can provide multiple income streams from multiple tenants. Demand: There is a growing demand for HMO properties due to the increasing number of people living in shared accommodation. Flexibility: HMO properties can be used for different types of tenants, such as students, young professionals, or key workers, providing greater flexibility in the rental market. Higher Occupancy Rates: HMO properties can achieve higher occupancy rates than single-let properties due to the ability to let out individual rooms as well as the property as a whole. Thank you for your time today . And if you would like more information on Property Investing and all the strategies that are available . Please get in touch .. Kind Regards Jason Woodhams… Cash Flow-Properties The CashFlow-Course
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The Professional Property Investor’s Strategies In This , The Firs 5 of 10 Points, As Why Investing In HMO Today Is a Great Strategy For Property Investors . High Rental Yields: HMO properties typically have higher rental yields than traditional buy-to-let properties due to the increased number of tenants. Diversification: HMO properties can offer diversification within a property portfolio as they can provide multiple income streams from multiple tenants. Demand: There is a growing demand for HMO properties due to the increasing number of people living in shared accommodation. Flexibility: HMO properties can be used for different types of tenants, such as students, young professionals, or key workers, providing greater flexibility in the rental market. Higher Occupancy Rates: HMO properties can achieve higher occupancy rates than single-let properties due to the ability to let out individual rooms as well as the property as a whole. Thank you for your time today . And if you would like more information on Property Investing and all the strategies that are available . Please get in touch .. Kind Regards Jason Woodhams… Cash Flow-Properties The CashFlow-Course
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This weeks #realestatenews from around the UK: Japanese property company Mitsui Fudosan has committed to its first European logistics deal – a £135m development project in Coventry – as part of a programmatic joint venture with Panattoni. The Japanese investor is forward funding a 600,000 sq ft logistics scheme, in the first deal for a new investment partnership which will see Mitsui work with Panattoni on pan-European logistics opportunities. Joint venture partners Tri7 and Fusion Group have secured planning consent for a purpose-built student accommodation (PBSA) and affordable housing development in Wood Green, north London. The approval from Haringey Council will allow delivery of the scheme on the site of a now-vacant bingo hall and its car park on Lordship Lane. Housebuilder Avant Homes has exchanged contracts to acquire a site in South Yorkshire for a multi-tenure residential scheme. The company plans to build 300 homes on the 18.5-acre site off Thurnscoe Bridge Lane, Thurnscoe. The project, which will have a gross development value of £66.5m, will offer two to four-bedroom homes across several types including semi-detached and detached. Around 10% will be earmarked as affordable housing. Aviva Investors has agreed the forward funding of a new student village complex at Staffordshire University, with a gross development value of £100m. The investment, made on behalf of its parent company’s insurance, wealth, and retirement business, will provide 700 new student bedrooms and a student hub on a brownfield site next to the existing accommodation. The forward-funding deal is through a lease-and-leaseback structure. Private equity firm Q Investments Partners has entered into a £100m joint venture with Malaysian real estate developer GAMUDA LAND targeting the UK student housing sector. The partnership will provide equity funding to develop a 299-bedroom purpose-built student accommodation (PBSA) scheme in Woolwich, London, the first in the regeneration area. Westbrook Partners has started up the £68.5m sale of a light industrial portfolio. Cortex Partners LLP has been instructed to sell the Seofon portfolio, a collection of seven trade counter and industrial assets. The guide price equates to a net initial yield of 5.5%, although there is significant reversionary potential to unlock. All articles can be found via Green Street News: Europe and Property Week #realestate
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🚀 Presenting Profitable Property Deals: A Highlight of 2024 🏘️ Reflecting on a Highlight of 2024 On the 28th October 2024, I had the privilege of presenting an HMO conversion deal at the Your Property Network (YPN) Deal Clinic. Sharing the stage with Michelle Cairns, Property Training Coach at YPN, and John Howard, one of the UK’s most experienced property professionals, was an incredible opportunity to showcase my work and gain valuable feedback. The deal was a potential 6-bedroom HMO conversion in Medway, Kent. With a total floor area of 1,180 sq.ft (109.6 sq.m), this property ticked all the boxes for an ideal HMO investment. Here's a snapshot of the numbers I shared: 💷 Estimated Purchase Price: £260,000 💰 Total Cash Needed (purchase, refurb, legal, etc.): £389,006 🏠 Gross Domestic Value (GDV): £535,000 📈 Net Rental Yield: 9.23% 📊 Projected ROI: 17.86% Feedback from Michelle and John was informative and invaluable, particularly around exploring alternative financing options, such as using a deposit for auction purchase combined with bridging finance for the remainder. This insight led me to update my Investor Pack to reflect multiple funding strategies, offering more flexibility for potential investors. The day was not just about numbers; it was about connecting, learning, and refining my approach to serving time-poor investors who have the capital but need a trusted partner to navigate the complexities of HMO investment in Medway. 📸 The screenshot below shows that I captured a key moment during the presentation. It shows the investor profit figures alongside Michelle Cairns, John Howard, and myself deep in discussion about the deal. This image not only highlights the numbers but also captures the insightful interactions that made this experience so valuable. 💡 If you're looking to achieve financial success through property investment while creating beautiful co-living spaces, let's connect! I’d love to share my updated Investor Pack with you, which includes: 🔑 Key market drivers 🏢 Local demand analysis for shared housing 📤 Exit strategies Feel free to drop me a message to discuss how I can potentially help you maximise returns on your capital while minimising your time investment. What do you think? Is this deal the kind of opportunity you'd consider? Let me know in the comments! #propertyinvestment #MedwayProperty #YPNDealClinic
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Buy-To-Let portal handed boost ahead of seed round… Mr Investa, the Salford-based Buy-To-Let property marketplace, has secured £1m SEIS/EIS Approval for the start of its seed round led by London firm Seed Legals. Given the current economic climate, Mr Investa said SEIS (seed enterprise investment scheme)/Eis (enterprise investment scheme) is an attractive scheme for investors to save on tax, while investing into high growth opportunity companies. SEIS/EIS offers investors between 30%-50% tax relief. The raise is now open with a first seed round set at £1m, with a seed round valuation of £5m. Ryan Hughes, Managing Director of Mr Investa, said: “Over the last three years we have been laying some solid foundations for the business and testing our MVP and now the time has come to start scaling our operation. “We are delighted with the support from HMRC in providing us £1m SEIS/EIS Advance Assurance for our investors, making an exciting and disruptive investment even more attractive.” Mr Investa’s raise comes after the continued growth of the business, as more landlords look to dispose of their buy-to-let properties/portfolios nationwide. The need for a dedicated portal for buying and selling a buy-to-let property with the new changes to tenancies with No Fault Evictions and EPC’s needing to be upgraded by 2030 has never been more crucial, said Mr Hughes. He added: “The lack of transparency in buy-to-let sector has allowed Mr Investa to thrive nationwide choosing to only deal with built properties whilst offering full detailed insight into the property condition by 3D mapping all units and providing full true financial performance allowing users to make an informed decision from the comfort of their own home or on the go.” The need for professional asset disposal and portfolio rotation has never been higher with more than 25,000 units alone being sold last year in the buy-to-let sector and the number set to increase this year, Mr Investa said. The company said private landlords are a significant pillar of the property sector, saying without them the already disappointing housing crisis would be disastrous if they didn’t have anywhere to dispose of their properties while allowing tenants to remain in the property. Thank you TheBusinessDesk.com & Neil Hodgson 👍🏼 #propertyportal #property #proptech #buytolet #eis #seis https://lnkd.in/eatuHznF
Buy-To-Let portal handed boost ahead of seed round | TheBusinessDesk.com
https://www.thebusinessdesk.com/northwest
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Which REIT Part II Further to my earlier post i have had a few people ask well where would you invest? Which sector? While Goodman is a well run business it has enjoyed huge tailwinds and while their industrial/logistics exposure remains positive, demand for space will be adversly impacted by a slow down in the economy more broadly. I know the residential sector well and the other sectors Im no expert in. I hold the view that Governments will support the delivery of more housing via their policy settings and this can only be positive for the sector in the medium term. Which Companies? Within the Resi sector you have a few choices : 1. Stockland - diversified 2. Mirvac - diversified 3. Ingenia - sector specialists in Land Lease 4. AV Jennings - sector specific in residential Ive been open in my prior post about organisational structure. Having experienced both FLAT and STACK and i know which one i would put my money into. This is not to say a FLAT structure is better as an employee however as an investor I remain of the view the FLAT will outperform the STACK. This said, I believe Stockland is positioned to outperform over the medium term. It would perform even better if it rationalised its management structure to improve its speed to market and remove inertia. Why Stockland? Biggest Exposure to Resi in Aus with the Largest Land Bank - this is a huge advantage in the current environment where suitably zoned land does not exist! The addition of Lend Lease Communities at face value is a positive as it re-stocks their Queensland business which was hampered by a lack of suitable residential land due to a Govt asleep at the wheel. Most Experienced - I have a biased view here however there are very few who would argue that Stockland's resi team are not the best in market and by a wide margin. Land Lease - increasing exposure to this growth sector is a key to Stockland's underlying value. It has the potential to lift its LLC pipeline to 13-15,000, placing it in the winners circle for the most in demand product in Australia with the over 70's market growing at 6.9%! Land Lease is new and growing with the greatest challenge being experienced staff. This will hamper growth however the acquisition of Halcyon brought with it some very experienced management - Stockland needs to ensure they hold onto them and leverage their skills which im sure they are. The other Company that is a complete quandary is AV Jennings. AVJ is trading at a 50% discount to NAB yet has some amazing assets in the resi sector. The issue here is a inexperienced management team and a major investor who seems to sit by and accept lack luster performance. This however is a stock to watch as patience has to run out at some point and in the right hands AVJ has a lot of upside. Ingenia is the other one to watch with a new CEO taking the reins. John Carfi has a lot of development experience and I think he is a good choice and will bring about positive change for Ingenia.
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