Unite invests in, and operates, one specialist fund and one joint venture with institutional investment partners, the largest of which is the £2 billion Unite UK Student Accommodation Fund (USAF).
This open-ended and non-listed real estate fund focuses on acquiring and operating high quality student accommodation in the UK. Established in 2006, USAF is the largest specialist student accommodation fund. Unite holds a 23% stake.
USAF’s portfolio is valued at £2.3 billion, comprising 26,813 beds in 75 properties across 24 university towns and cities.
LSAV is a 50-50 joint venture partner with the Government of Singapore Investment Corporation Real Estate called London Student Accommodation Joint Venture (LSAV). Established in September 2012, this partnership supports Unite’s development activity in London.