Investor Presentaiton
Growing Footprint in Longer-stay Lodging
Expanded investment mandate to include student accommodation in 2021
Expansion of investment mandate
into student accommodation
600
Paloma West Midtown, Georgia
Paloma University City, Pennsylvania
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Strategically-located properties that
serve reputable universities with
strong athletics programmes, large
student populations and steady
enrolment growth
Despite border closures during
Covid-19, CLAS' student
accommodation properties performed
well and registered average
occupancy of >90% due to USA's
predominantly-local student
population
Average length of stay of c.1 year
offers income stability
As at 31 Dec 2022, CLAS has
8 student accommodation properties
in the USA and 1 in Japan
Alpha Square Kita 15 jo
Big Palace Minami 5 jo
Building on success of
CLAS' rental housing portfolio
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Expanding in Japan's growth cities, where
demand for rental accommodation outstrips
supply
Despite Covid-19, CLAS' rental housing
properties performed well and registered average
occupancy of >95% as they serve Japan's
domestic corporate segment
Average length of stay of c.2 years offers
income stability
Low debt funding cost which enhances cash
yield
As at 31 Dec 2022, CLAS has 21 rental housing
properties in Japan; 3 more rental housing
acquisitions, acquired on a turnkey basis, are
expected to complete by 2024
CapitaLand Ascott Trust
Investor Presentation
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