Student
Accommodation
REIT
Student Accommodation REIT
Growthpoint’s R240m investment represents a 16.6% shareholding in the unlisted REIT and will remain a core investor in the fund, targeting to own between 15% and 20% of the equity in the REIT in future.
Growthpoint is the fund manager and assumes overall responsibility for the success of the Student Accommodation REIT, while Feenstra has an 11% holding in the REIT. Feenstra Group, a company majority controlled by Feenstra, is the appointed property manager for the REIT.
Portfolio
Thrive Student Living
More than accommodation, we wanted to create something that affords students an opportunity to get the most out of their tertiary education.
Thrive Student Living offers
carefully designed spaces in a secure, comfortable, and social environment. Our portfolio of student accommodation is conveniently located close to universities and major colleges in Johannesburg, Pretoria, and Cape Town.
Each property in our portfolio offers a range of room options and an extensive list of amenities and activities to compliment the student life experience.
Thrive Student Living Portfolio
Number of beds: 563 Ideal for students from: University of Cape Town
Number of beds: 901 Ideal for students from: Wits University
Number of beds: 665 Ideal for students from: University of Johannesburg, Wits University
Number of beds: 388 each Ideal for students from: University of Johannesburg, Wits University
Number of beds: 980 Ideal for students from: University of Pretoria
Number of beds: 953 Ideal for students from: University of Pretoria
Number of beds: 605 Ideal for students from: University of Pretoria
Number of beds: 1 000 Ideal for students from: University of Pretoria
Number of beds: 714 Ideal for students from: University of Pretoria
Pipeline Developments
The Student Accommodation REIT has several acquisition and development opportunities on the horizon. This includes an immediate growth portfolio of two development projects currently underway and opening in time for the 2024 academic year.