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Chicago & Midwest  + Student Housing  | 

CA Ventures Targets $12B Spend on Student Housing, Residential

CA Ventures said Thursday it would invest $12 billion into the North American student housing and residential sectors over the next five years, including $9 billion in student housing. The Chicago-based investment firm made the announcement in conjunction with its promotion of four senior executives to guide the strategy.

The promotions include Michael Hales to president of the firm’s student living division, Matt Booma to president and global head of CA’s residential division, JJ Smith to the newly created role of managing principal of CA’s student living division, and Bob Flannery to COO.

“In their new roles, Michael, Matt, JJ and Bob will help propel CA into its next chapter of growth as we look to scale our portfolio to $30 billion in assets by 2024,” said Tom Scott, CEO of CA Ventures. “The student and residential divisions will comprise more than half of those projections.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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