CapitaLand Ascott Trust's Standard at Columbia (Photo: CapitaLand Ascott Trust)

Singapore’s CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation asset in South Carolina, USA.

Standard at Columbia is a 678-bed asset that serves over 35,000 undergraduate and graduate students from the nearby University of South Carolina (USC).

It became operational in August 2023 with an occupancy rate of over 90%.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.