Real Estate
The Asia Pacific real estate trust’s student accommodation portfolio in the U.S. now counts three communities. : Ascott Residence Trust (ART), a real estate trust sponsored by Ascott Ltd., is set to pay $70 million to Crow Holdings for Wildwood Lubbock, a 1,005-bed student community in Lubbock, Texas. The property, serving students at Texas Tech University (TTU), is already fully leased for the 2021 university year. The transaction is scheduled for completion later this month. Wildwood Lubbock last changed hands in 2018 when a private real estate fund advised by Crow Holdings Capital Real Estate acquired the asset from Dovetail Development.

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