Structure PBSA Value-Add Fund I | European Student Accommodation

Structure PBSA Fund I

A closed-end fund targeting €150m in equity. Acquiring and repositioning purpose-built student accommodation across Continental European university cities.

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Our Strategy

Acquire. Reposition. Operate. Exit. We acquire PBSA in strong university markets. Targeted renovation where needed. Selective forward funding in supply-constrained markets where new stock outperforms secondary acquisition. Structure Ops playbooks deployed from day one. Stabilise occupancy and grow NOI. Exit to core/core+ buyers.

€0M

Target Fund Size

€0M

Target Fund Size

Value-Add

Strategy

PBSA

Sector

European Countries

0.0%

Target Net IRR

0.0%

Target Net IRR

0.0x

Target Net MOIC

0.0x

Target Net MOIC

3-5 years

Hold Period Per Asset

8+2 years

Fund Term

Summary terms for Structure PBSA Fund I. Full details available in the LP documentation. The above information is indicative and does not constitute an offering.

Our Thesis

Why European PBSA

Continental Europe has a structural shortage of student beds, a growing pool of mobile students, and an asset class dominated by owner-operators. The value is in capturing demand and managing better.

Structural undersupply

Room-to-student ratios below 10% in most Continental European university cities. New supply constrained by planning, cost, and regulation.

Structural undersupply

Room-to-student ratios below 10% in most Continental European university cities. New supply constrained by planning, cost, and regulation.

Demographic tailwinds

International student mobility growing 5-7% annually. Domestic students increasingly priced out of private rental markets.

Demographic tailwinds

International student mobility growing 5-7% annually. Domestic students increasingly priced out of private rental markets.

Fragmented ownership

Majority operator-owned, limited institutional portfolios. Consolidation opportunity for a platform buyer.

Fragmented ownership

Majority operator-owned, limited institutional portfolios. Consolidation opportunity for a platform buyer.

Operational upside

Most assets have specific, identifiable gaps in revenue management, cost structure, or governance. NOI growth is realised through targeted interventions, in partnership with local operators.

Operational upside

Most assets have specific, identifiable gaps in revenue management, cost structure, or governance. NOI growth is realised through targeted interventions, in partnership with local operators.

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Invest with Structure

Request the confidential LP teaser and key terms for Structure PBSA Fund I.

Request LP Teaser

Invest with Structure

Request the confidential LP teaser and key terms for Structure PBSA Fund I.

Request LP Teaser

Invest with Structure

Request the confidential LP teaser and key terms for Structure PBSA Fund I.

Request LP Teaser