Operational Statistics Presentation
Investments
Section 3: FY 2020 Operational Highlights
And Positioning Ourselves in New Segments of
Long-stay Lodging
CapitaLand
Targeting different segments of customer base requiring long-term rental accommodation,
which is relatively unaffected by travel restrictions
•
Multifamily
Formed programmatic JV with an Austin-headquartered
firm in Dec 2020, to acquire and develop multifamily
assets totalling up to US$300 million (~S$416.1 million) in
gross asset value;
Expanding our USA presence in the Multifamily sector
which has remained deep, scalable and liquid, with
attractive risk-adjusted returns
First co-investment project, a 341-unit property on 4.71
acres of freehold land, is expected to complete in 2023
Student Accommodation
•
•
ART's first student accommodation acquisition in the
USA - Signature West Midtown acquired at US$97.5 M
(~S$129.7 M1) in Jan 2021
Freehold property in Atlanta, Georgia, USA, with
walking distance to Georgia Institute of Technology,
which has strong enrolment growth
Largely domestic student base with 95% high
occupancy and 1-year average length of stay
provide stable source of income
Transaction expected to be completed by end 1Q
2021
Multifamily development project in Austin, Texas
Note:
1.
Based on the exchange rate of US$1 to S$1.3298
Signature West Midtown, Georgia, USA
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