Canero Flips Condo in Miami’s Coconut Grove to El-Ad for $46M
El-Ad National Properties→Chateau Grove Condominium
May 15, 2026

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Core Spaces has completed the acquisition of Core Spaces, a student housing real estate development business in the United States, for $1.64B. Core Spaces focuses on real estate development acquisition for purpose-built student housing, supporting construction and investment in university-adjacent markets. The platform acquisition expands real estate services M&A capabilities by scaling development pipelines and property investment strategies across major metros. Backed by private equity acquisition capital, the platform acquisition is announced at over $100M and is sized at $1.64 billion, with $104M and $46M referenced in deal capital figures.
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