SINGAPORE (Nov 2): Mapletree Investments, the property arm of Singapore’s state investment fund Temasek Holdings, has acquired a portfolio of seven student accommodation assets located across six states in the US from Kayne Anderson Real Estate Advisors for an undisclosed sum.

In a Wednesday announcement, Mapletree says this marks its first acquisition of student accommodation in the US, although it currently has a portfolio of serviced apartment / corporate lodging assets there.

The US acquisition comprises close to 6,000 beds across Oregon, Alabama, Texas, Georgia, Virginia and Indiana – bringing the group’s total student accommodation to nearly 12,000 beds across 32 assets in the UK and US. 

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