Yugo Appointed to Manage Portfolio of 6,200 Beds by a Partnership Between Morgan Stanley Real Estate Investing and GSA

November 20, 2025 – Austin – Yugo, the first global student housing operator and brand, has been appointed to manage the recently acquired portfolio by Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (“MSREI”), and Global Student Accommodation (“GSA”).

The transaction is the largest in the United States for the student housing industry this year with the portfolio comprising 6,200 beds across eight Tier 1 assets in the U.S., bringing Yugo’s managed portfolio to 86 properties and 40,000 beds across 29 states and 58 cities. This latest expansion builds on Yugo’s recent acquisition of Campus Advantage and reinforces its position as the leading student housing operator in the U.S. It marks another major step forward in delivering operational scale and excellence and further accelerates Yugo’s growth strategy.

The appointment introduces Yugo into five new cities: Charlottesville (VA), College Station (TX), Gainesville (FL), State College (PA) and Kennesaw (GA), including a new market entry with Yugo’s first property in Virginia.

As part of this acquisition, more than 90 new team members have joined Yugo, further enhancing its on-the-ground presence across key U.S. university markets.

Yugo’s continued U.S. expansion reflects a strong commitment to delivering value and performance for asset owners, bringing its proven operating model, advanced technology and student-first approach to more markets across the country. This growth also enables Yugo to deliver enhanced student experiences under one global brand, supported by its Live Your Best Life programme, which empowers students with opportunities for personal growth, wellbeing and community connections.

Mike Peter, CEO of Yugo U.S., commented: “I’m delighted to welcome our new team members to Yugo. This milestone builds on the strong momentum we’ve created across Yugo U.S., as our operational platform continues to scale across the student housing industry. This growth enables us to deliver even greater expertise and excellence, strengthening Yugo’s position as the preferred partner for property owners and investors.”