June 9, 2006
Vast Expansion by College-Housing Company Will Be Fueled by Singapore Investment
A Philadelphia-based developer of college housing has received a major financial boost from the real-estate-investment arm of the government of Singapore.
GIC Real Estate Pte is investing $300-million in Campus Apartments, the companies announced last week. The deal allows Campus Apartments, which owns more than $250-million in student apartments in areas such as Philadelphia, Glassboro, N.J., and Durham, N.C., to expand by buying and developing an additional $1-billion in real
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