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The JV marks Kayne Anderson’s first foray into the European student housing market.
Institutional interest in UK homes for rent is leading debt providers to consider providing finance in the sub-sector.
The London-headquartered company has further expanded its reach in the US real estate debt market.
The Swedish pension plan has committed a total of €3.8bn to date as the most sizable investor in the region’s second-largest residential company.
After underwriting a modular construction project for the first time, the bank says the building method can be efficient and sustainable but comes with specific lending risks.
Lenders at the PERE Debt & Financing Forum, held in London this week, said residential sectors and development mandates are increasingly attractive.
The specialist lender, which has focused to date on residential development financing, says the pension fund’s investment will support its lending market growth.
The investment will allow UK fintech firm LendInvest to expand its mortgage lending strategy, with a focus on environmental upgrades.
The firm has closed multifamily credit funds totalling more than $3.3bn this year.
Randeesh Sandhu, co-founder of alternative lender Précis Capital Partners, says residential-based operational properties are emerging from the covid crisis as strong sectors.