Stonepeak has acquired a portfolio of three student housing assets with approximately 2,300 beds in collaboration with Cardinal Group, targeting well-located properties near major universities in the Sunbelt region.

Information on the Target

Stonepeak has announced the acquisition of a portfolio consisting of three purpose-built student housing assets, featuring approximately 2,300 beds, in partnership with Cardinal Group. These assets are strategically located an average of just 0.1 miles from campus at prominent four-year public universities across the Sunbelt region, which collectively enroll around 40,000 students each. These Class A properties, built around 2020, offer a variety of top-tier amenities tailored for student living.

Industry Overview in the Target’s Specific Country

The student housing sector in the United States continues to show strong potential, driven by rising enrollment figures and a growing preference for university-adjacent living. The Sunbelt region, in particular, has experienced significant demographic and educational growth, positioning itself as a key area for student housing investments. Many universities in this region are expanding their facilities and programs, contributing to sustained demand for off-campus housing alternatives.

As higher education becomes increasingly popular, student demographics have shifted, with many institutions reporting record enrollment numbers. The demand for quality living spaces that support academic achievement and student