US Student Housing Growth & Income Fund (USQ)

USQ was established in 2021 and is now in the phase of realising profits from asset sales and returning capital to investors. The Fund is closed to new investment.

US Student Housing Growth & Income Fund (USQ) was established to acquire and manage high-quality purpose-built student housing assets located within close proximity to top-tier public universities across the United States, and drive value through operational strategy and capital upgrades.

Investors gain exposure to US student housing real estate and it is the only Australian property trust with a primary strategy in investing in US student housing. USQ is focused on seeking to achieve long-term returns through a combination of income through rental yields along with potential long-term capital growth.

The portfolio has a strong mix of assets owned and/or operated by joint venture partners Auctus and Student Quarters.

Investment Manager

Auctus Investment Group

An ASX listed private markets asset manager based in Melbourne, Australia.

Currently managing in excess of A$540M across healthcare technology, energy infrastructure, operating real estate and consumer essentials.
Experienced staff of 7 is based in Melbourne and 15+ joint venture investment professionals located across the United States and Asia.
Auctus owns minority interests in other private market asset managers both domestic and offshore.
Their core investment thesis is investing in sectors with strong tailwinds and potential to scale. They focus on scalable technology, energy solutions, infrastructure and real estate.
Investments where Auctus and co-investors can deploy between $50M – $150M.
Private mid-market investment opportunities with strong management, a proven product, recurring customers and revenue streams.
Auctus Investment Group’s wholly owned subsidiary, Auctus Asset Management Pty Ltd is the appointed manager of the US Student Housing Growth & Income Fund.
PROPERTY MANAGER

STUDENT QUARTERS

Atlanta-based student housing owner and operator founded in 2013.

Student Quarters manage in excess of >US$1.3BN across off campus US Student Housing.
Current portfolio represents 34 communities and 12,500+ beds at 22 universities in 17 US States.
Joint Venture strategy to build a portfolio of off-campus properties at public 4-year universities.
Student Quarters co-invest up to 10% in each asset as alignment capital alongside Auctus investors.
Best in class operating and leasing experience for premier-located, pedestrian-friendly assets at major public Universities.
Track record – Realised net IRR of 20.7% and a 1.9x net investor multiple since inception*
*Past performance may not be indicative of future results. Returns are before US corporate taxes.
*As at 31 December 2023