Core Spaces announced the final close of its latest flagship fund, with approximately $1.64 billion in total capital commitments from global investors.
The close represents one of the largest dedicated capital raises in the student housing sector. Founded in 2010, Core offers a differentiated approach to the student housing sector, focusing on location, design, and resident experience.
“From the start, we saw something others didn’t and pioneered urban infill student housing by placing our communities where students actually live, not miles away,” said Marc Lifshin, Co-Founder and Chief Executive Officer of Core.
Core has 74,440 student housing beds under ownership and management, and a student housing development pipeline of approximately 53,860 beds. “We value the collaborative partnerships we’ve built with our investors and look forward to continuing to grow together as we seek to execute on our pipeline and advance the next phase of Core’s development and operating platform,” said John Wieker, Chief Investment Officer at Core.
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