03:57 PM EST, 11/12/2025 (MT Newswires) -- Morgan Stanley's ( MS ) asset management division, through funds managed by its global private real estate investment management arm, and Global Student Accommodation, have purchased eight student housing assets near US university markets valued at over $1 billion, the firms said Wednesday.

The properties were purchased from a joint venture between a unit of Abu Dhabi Investment Authority and Landmark Properties, according to the firms.

The acquired 6,200-bed portfolio, nearly fully occupied, serves universities including Virginia, Florida, Texas A&M, and Penn State, the firms said.

Their combined US holdings now span 50 properties in 36 cities across 23 states, totaling about 24,000 beds, according to the firms.

Yugo will operate and rebrand the new assets to support scaling and enhance student experience across the portfolio, the firms said.

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