QuadReal acquires U.S. student housing business CASL
The company will now operate as Article Student Living.
Uncommon Athens, located near the University of Georgia, is one of many student housing projects that QuadReal Property Group has acquired with CASL in the past. – QuadReal
QuadReal Property Group, a global real estate investment, operating and development company headquartered B.C. announced it has acquired the U.S. student housing business of CA Ventures. Under QuadReal’s ownership CA Student Living (CASL) will operate as a new brand, Article Student Living.
QuadReal first became a real estate partner of CASL in 2017 and has held an indirect passive stake in the business since September 2020.
“We are thrilled to launch Article Student Living, which represents a key part of QuadReal’s long-term investment strategy in the U.S. Article’s 500 employees are passionate about elevating student living and delivering operational excellence, and we will continue to build on their existing momentum and commitment to bring a best-in-class experience to our residents and partners,” said Dennis Lopez, CEO, QuadReal Property Group.
QuadReal explained that the full acquisition will enable it to combine capabilities, resources, and best practices and create the leading real estate investment manager dedicated to U.S. student housing.
“We have witnessed firsthand QuadReal’s unwavering commitment to the success of our team since we first partnered,” said Thierry Keable, president, Article Student Living. “Today marks an important milestone in our journey together. Our new brand represents our commitment to deliver quality and strong performance. At Article Student Living, we strive to offer students more than a place to stay. We build and provide vibrant hubs of learning and connection.”