Beirut, Lebanon, September 26, 2017
SFO has completed the acquisition of a student-housing property comprising of 645 beds located in Lexington, Kentucky. The asset is among the closest off-campus student accommodations that cater to students enrolled at the University of Kentucky.
The University of Kentucky, one of the oldest higher education facilities in the USA, is a flagship university in the state currently accommodating over 30,000 students for the academic year 2016-17.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “Student enrollment has increased at a significantly higher pace than new supply for student accommodation in the US, creating an encouraging supply/demand imbalance. This, coupled with the strong historical performance of the sector, is expected to continue to deliver superior risk-adjusted returns to the investors.
We look forward to building on this successful acquisition to expand our footprint across the student-housing market in the US.”
Saradar Family Office (“SFO”) is an independent multi-family office dedicated to managing, preserving and creating wealth to its clients. SFO’s main activities span over wealth management, private equity, and real estate investments.
With a sizeable portfolio 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.