In 2017, Hines Global REIT II, Inc. acquired the Montrose Student Residences. The property was originally developed as a hotel in 1964 and was fully renovated and converted into student housing between 2013 and 2015. It achieved 100 percent occupancy within a year of completion.
The Montrose Student Residences is a 205-unit, Class-A asset located directly adjacent to The University College Dublin, Ireland’s largest university with more than 21,000 full-time students. The property is a five-minute walk to the center of campus and is the only private student housing asset within a two-mile radius.