VBI Real Estate
We have teamed up with VBI Real Estate to provide some of the first dedicated student housing properties in Brazil.
Our joint venture with VBI Real Estate will redevelop underutilised buildings into dedicated student housing in a structurally under-supplied market.
Since its formation in early 2019, the venture has acquired three properties in Rio de Janeiro and Sao Paulo, with the first expected to open in 2020. The completed facilities will be operated by ULiving, a Brazilian student housing operator in which VBI acquired a majority stake in 2018.
Dedicated housing will offer a new experience for students in Brazil who have historically relied on renting in the private sector.