Deutsche Real Estate Funds (DREF), International Campus (IC), and the GSA Group have invested the most amount of money in German student housing over the past few year (2015 to 2017) according to a recent Catella report. IC invested a total of €235mn, DREF €210.8mn, and GSA €107mn. A significant amount of money was also invested by AviaRent Capital Management (€101.3mn), Bayerische Versorgungskammer, and Universal-Investment (€100mn each). When looking at the student housing market throughout Europe, the Canadian pension fund CPP Investment Board invested the most at nearly €2bn between 2015 and 2017, followed by the Luxembourg holding company LetterOne (€900mn), and Russian oligarch Mikhail Fridman; finally, this is followed by the sovereign wealth funds GIC from Singapore with €812mn. The German DREF is in 7th place in the European ranking.