Mr Kevin Goh, CLI's Chief Executive Officer for Lodging said: "Student accommodation assets, with their counter-cyclical qualities provide income resilience to our investors. Our well-located assets have performed well with operating assets enjoying a strong average occupancy rate of close to 100%. We remain confident in the segment and look to invest through platforms such as SAVE to create value for our capital partners by leveraging Ascott's expertise and network to identify under-supplied student accommodation markets that are close to good universities."