Beirut, Lebanon, February 9, 2018
SFO has completed the acquisition of a student-housing portfolio totaling 1,100 beds located in Florida and Texas. This transaction is part of SFO’s strategy to invest in the US housing market in general with a specific focus on student accommodation which still benefits from strong macro and micro-economic trends, favorable supply/demand imbalance and defensive characteristics.
This latest acquisition comprises of two assets catering to more than 125,000 students primarily enrolled in two top US state universities namely the University of Florida in Gainesville and the University of North Texas in Denton.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “This represents the next sizeable transaction for SFO, having acquired more than 1,000 multifamily housing units and 1,800 student-housing beds in the USA. We are accelerating the delivery of our US housing investment strategy by continuing to acquire high quality, well-located and defensive assets in key locations across the USA.
We are committed to selectively expand SFO’s diversified global portfolio of residential and student-housing assets with the objective of offering both current income and capital appreciation to our investors”.
Saradar Family Office (“SFO”) is an independent multi-family office dedicated to managing, preserving and creating wealth to its client. SFO’s main activities span over wealth management, private equity, and real estate investments.
With more than USD500mn of real estate assets under management across the USA, Europe and Africa, SFO has a proven reputation for successfully identifying, acquiring and managing high-quality assets generating superior risk-adjusted returns. SFO has a significant and growing pipeline of real estate acquisitions in Continental Europe and the USA.
SFO is a member of Saradar Group, a diversified family conglomerate that has been at the center of the Lebanese financial sector for over 70 years.