Thursday, 8 September 2022
At this session, Mr. Al Rabil of Kayne Anderson Real Estate (KA Real Estate) provided an overview of the U.S. student housing sector including trends in the market as students return to campuses for academic year 2022-2023. Al discussed the impact of inflation, recession and geopolitics on the sector.
Since 2007, KA Real Estate has invested in alternative real estate sectors including medical office, high-end seniors housing, off-campus student housing/multifamily and self-storage. The vertically integrated team brings expertise in all aspects of real estate investing and management to each investment, thereby maximizing operating capabilities. With $21 billion of gross real estate assets under management, KA Real Estate’s investment objectives are to create strong risk-adjusted returns by focusing on current cash yield and increasing value through cash flow growth, while remaining sensitive to capital preservation.
KA Real Estate is part of Kayne Anderson Capital Advisors, L.P. (KACALP), an alternative investment management firm with more than 38 years of successful experience in the real estate, infrastructure, credit, and growth capital sectors and $35 billion in NAV.
09:00 - 10:00 (HKT, UTC+8)
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Al Rabil is CEO of Kayne Anderson Capital Advisors, L.P., overseeing strategic initiatives, operations and asset management across Kayne’s investment platforms. In 2007, Rabil co-founded Kayne Anderson’s real estate private equity platform and continues to serve as KA Real Estate’s CEO, setting strategic direction, overseeing overall investment activities and leading fundraising for all KA Real Estate investments.
Immediately prior to co-founding KA Real Estate, Rabil founded and was a principal of two real estate investment firms, RAMZ, LLC and Rabil Properties, LLC, where he developed and acquired a portfolio of more than $250 million of off-campus student housing properties. This was preceded by an almost ten year stint at UBS where Rabil served as a Managing Director and Head of Real Estate Banking for the Americas and Europe. During his tenure there he played a key role in making UBS a market leader in both syndicated debt and large loan CMBS, consummating more than $25 billion in transactions. Rabil began his career in the Real Estate Finance Group of the Bankers Trust Company.
Mr. Rabil earned a B.A. cum laude from Yale University in 1985 and an M.B.A. in finance from Columbia University in 1988.