ST. LOUIS—The student housing portfolio of Kayne Anderson Real Estate Advisors just grew by another 665 beds, with the firm’s acquisition of a four-property 406-unit portfolio here. T
he Armonk, NY-based private equity real estate arm of Kayne Anderson Capital Advisors did not disclose the purchase price or seller’s identity. However, the St. Louis Post-Dispatch reported the sellers as local developers Amy and Amrit Gill, who shed the assets for $68.5 million.
The package consists of three adjacent student housing communities and a 746-space parking garage. They are located across the street from the main gate of St. Louis University, within short walking distance of academic buildings, dorms and the Busch Student Center.
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