IRELAND

In 2019 we launched our vertically integrated platform in Ireland to acquire and develop purpose-built student accommodation and rental housing. We completed the acquisition of Dublin Landings (a 268-unit residential asset) located in Dublin city centre in late 2019, marking its first investment in Ireland. Griffith Wood, a 342-unit scheme in the north suburbs of Dublin, was purchased in 2021 along with a well-located residential development site in Monkstown. Since entering the European market in 2013, we have built a significant-high-quality rental housing portfolio by investing in student accommodation and purpose-built rental housing across the continent. Our vertically integrated rental housing platform combines local market expertise with the power of a global investment platform.

Our strategy in Ireland is initially focused on Dublin, prioritizing development opportunities along with the acquisition of assets under forward purchase structures and operational platforms Dublin’s strong demographics and sustainable economic growth has resulted in an acute housing shortage offering a tailwind for future investment prospects.

Our European growth strategy continues to focus on targeting world-class cities that lack institutionalized purpose-built rental housing and student accommodations. By investing intelligently with a global capital allocation strategy, maintaining our focus on managing and mitigating risk, and a dedicated local operating platform, we aim to maximize investment returns for our investors.