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Mapletree Investments Acquires Portfolio of Assets from Kayne Anderson Real Estate Advisors

Published: 06/30/2017

Team: Andrew M. Reback, Gary Steinhart, Mickey Lungu, Michael A. Alvaro, Chris Hersh, Belinda Chiu

On June 2, 2017, Mapletree Investments Pte Ltd., a real estate development, investment and capital management company headquartered in Singapore, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors, a real estate private equity investor that has raised US $5 billion in commitments and is part of Kayne Anderson Capital Advisors L.P., a US $26 billion alternative investment management firm.  The acquisition comprises eight purpose-built student housing assets with 3,611 beds in the United States and 140 beds in Canada, along with four multi-family assets with 1,388 units in the United States.  This is the latest in a series of transactions between Mapletree and Kayne with a total purchase price across the portfolio of US $1.6 billion.

Cassels Brock acted as Canadian counsel to Kayne with a team comprised of Andrew Reback (Tax), Gary Steinhart, Mickey Lungu and Michael Alvaro (Business) and Chris Hersh and Belinda Chiu (Competition).