GSA closes more than $550m in financing facilities across the Unites States

Global Student Accommodation (“GSA” or the “Company”), the global leader in student housing, announces that it has closed four financing facilities in the U.S. totaling in excess of $550m (the “Facilities”). The Facilities with Pacific Life Insurance Company, J.P. Morgan and TD Bank, PGIM Real Estate, and PNC Agency Finance, which provided access to Freddie Mac financing, were finalized in the fourth quarter of 2022. They cover over two thirds of GSA’s U.S. student housing portfolio, which is held in a joint venture (“JV”) partnership with a fund advised by Morgan Stanley Real Estate Investing (“MSREI”).

The Facilities are all with new lenders to GSA in the U.S., demonstrating the strength of the Company’s business model, relationships and underlying portfolio, providing GSA with an optimal financing structure to support its growth strategy. The financings are a combination of fixed and floating interest rates. TSB Capital Advisors acted as debt advisor for the transaction.

All assets covered are managed by the Company’s global operating partner Yugo. They serve leading universities including the University of Texas, the