Soon, a Student Housing REIT From Mapletree?

Market news —

The Edge reports on Mapletree Investments potentially preparing the IPO of a new REIT:

Mapletree Investments, a Singapore-based property developer and manager, has selected advisers for a potential initial public offering of a student housing real estate investment trust that could raise about US$1 billion, according to people familiar with the matter.

The company owns 51 student accommodation facilities with over 22,000 beds located across 34 cities in the UK, the US and Canada worth about $3.7 billion, its annual report shows. The REIT will be backed by student housing assets in the UK and US, the people said.