Timberline and Ares Acquire Hale Mahana Student Housing Near University of Hawaii
A joint venture between Timberline Real Estate Ventures and Ares Management Real Estate has acquired the Hale Mahana student housing property near the University of Hawaii. This property, accommodating 589 beds, has been divested by Greystar, a global leader in rental housing. The acquisition marks a significant transaction in the student housing sector, emphasizing the growing interest among real estate investors in educational institution-adjacent properties. As demand for student accommodations continues to surge, this investment reflects the strategic initiatives by real estate firms to tap into this burgeoning market. Timberline and Ares Management are poised to capitalize on the prime location and amenities of Hale Mahana, which cater to the housing needs of students.
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