A consortium of Arlington Advisors and Equitix have recently acquired student accommodation buildings, consisting of 2,458 beds across five cities in the United Kingdom. These sites are already housing students in Bristol, Cardiff, Newcastle, Nottingham, and Leicester.
Financial Close occurred in late December 2018, with the acquisition being financed by the proceeds of a £200 million of senior debt.
Operis were pleased to perform a financial model audit on behalf of Arlington and Equitix, which included a review of the model’s tax and accounting treatments.
