PRESS RELEASE: Kensington Realty Advisors And SEDCO Captial Acquire Class A Student Housing Property Adjacent To Florida State University

TALLAHASSEE, FL – Kensington Realty Advisors, a SEC-registered investment advisor based in Chicago, and SEDCO Capital have jointly acquired The Catalyst Student Apartments.  The Catalyst is a 130-unit, 402-bed Class A community located adjacent to the Florida State University campus.  ARA brokered the sale for global alternative asset manager Carlyle and its partner, Chance Partners, LLC, an Atlanta based developer and operator.  Carlyle had invested via its $2.3 billion Carlyle Realty Partners VI.

The recently completed property offers numerous amenities including a two-level fitness center, rooftop deck, resort-style pool, Internet café and many study lounges.  “We are delighted to be able to add this state-of-the art student housing property to our investor’s portfolio.” said James Lee, Senior Principal of Kensington.  “The Catalyst is at the epicenter of academic facility, housing, retail, hotel and entertainment growth at FSU.  It is also quite close to the football stadium, which is of paramount importance for Seminole fans!”

The Catalyst was fully leased prior to its completion and opening for the 2013-14 academic year.  It is located at the south end of the campus and also attracts students from Florida A&M University and Tallahassee Community College nearby.

About Kensington Realty Advisors

Kensington Realty Advisors, Inc. is a Registered Investment Advisor providing investment management and advisory services.  Acting strictly as a fiduciary, its primary clientele includes institutional, pension, off-shore and high net worth investors.  KRA is composed of a team of highly experienced real estate professionals with extensive backgrounds in real estate investment and asset management.

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About SEDCO Capital

SEDCO Capital is a leading investment management firm based in Jeddah, Saudi Arabia. SEDCO Capital has a strong track record of delivering superior returns and currently manages in excess of US$ 3 billion in a diversified spectrum of investments in real estate, equities and other businesses. For the past 14 years SEDCO Capital has held an extensive portfolio in global real estate, having invested in over 22 countries, by partnering with local asset managers.  A hallmark of SEDCO's philosophy has been socially responsible investing because of their adherence to the principles of Shariah, which are very similar to ethical investing practices.  In alliance with leading players like Kensington, SEDCO has successfully achieved attractive returns through responsible investment practices in real estate.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $180 billion of assets under management across 118 funds and 81 fund of funds vehicles as of June 30, 2013.  Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.  Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Global Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America.  Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,400 people in 34 offices across six continents.





About Chance Partners, LLC

Chance Partners is a fully integrated real estate firm specializing in the development of high-quality multifamily and student housing communities catering to those that seek the ultimate amenities; location, quality and value. Backed by a deep understanding of the markets, a commitment to excellence and an unmatched track record of success, Chance Partners is redefining the in-town living experience, one building at a time. Headquartered in Atlanta, GA, Chance Partners has won numerous national awards for its developments and prides itself on developing communities that intertwine into their surroundings.

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For more information contact:

James S. Lee, Senior Principal

Kensington Realty Advisors, Inc.

Phone: 312.993.7800

[email protected]

TAGS: Investment