The two are teaming up to build a $147 million student housing community.

This was one of the "largest single build-to-rent sales in Arizona," according to Berkadia.

The full portfolio is one of the largest, consisting of light industrial product in the Mid-Atlantic.

The ground lease has been in place since 1990.

The move now officially takes GO Residential's portfolio to 2,731 units.

Deliveries are expected to slow by 54 percent this year.

The package breaks down to a credit facility, as well as construction and mezzanine loans.

Healthpeak will be able to acquire Brookfield's 49 percent stake in seven years.