Ascott Residence Trust (SGX:HMN) agreed to acquire nine quality serviced residences, rental housing and student accommodation properties for approximately AUD 330 million from The Ascott Limited on August 16, 2022. The transaction is expected to be completed by November 2022, subject to Stapled Securityholders approval at an Extraordinary General Meeting to be held on September 9, 2022. The acquisition is to be funded by debt and/or proceeds from a private placement.