Student Housing

Arizona State, American Campus Communities Open 1,600 Bed On-Campus Community

TEMPE, ARIZ. — Arizona State University and American Campus Communities have opened The Fulton Schools Residential Community at Tooker House, a 1,600-bed residential community for undergraduate students in the university’s engineering school. The “dorm for engineers” features on-site digital classrooms and state-of-the-art maker spaces complete with 3D printers, laser cutters and design tools needed for a broad range of engineering courses and projects. The community also offers a..

August 14, 2017

United Group Opens 268-Bed Community Near Hudson Valley Community College in Troy, New York

TROY, N.Y. — United Group of Companies Inc. has opened College Suites at Hudson Valley, a 268-bed student housing community located near Hudson Valley Community College in Troy, New York. The $24 million property offers two- and four-bedroom, fully furnished units. Shared amenities include a fitness center and bike storage, laundry facility, and computer studio, as well as study and lounge areas. 

August 11, 2017

Fountain Residential Breaks Ground on 174-Bed Student Housing Community Near Cal State – Chico

CHICO, CALIF. — Fountain Residential Partners has broken ground on Campus Walk, a 174-bed student housing community located near California State University – Chico. The property will offer fully furnished two- and four-bedroom units. Community amenities are set to include study rooms, a pool deck with a movie screen, and a specially designed outdoor fitness and lounge area. Chico-based general contractor Modern Building Inc. is building the community, which Aspen Heights will lease and..

August 9, 2017

Nelson Brothers Purchases Student Housing Property Near West Virginia University for $39M

MORGANTOWN, W.VA. — Nelson Brothers Professional Real Estate LLC, a California-based company, has acquired Mountain Valley Apartments, a student housing complex located roughly three miles from West Virginia University in Morgantown, for $39 million. Constructed in 1998, the 344-unit property includes a mix of one-, two- and three-bedroom floor plans and features a 24-hour fitness center, swimming pool, full-size gym, volleyball court, dog park, cyber café, game room and an outdoor picnic..

August 8, 2017

Asset Campus Housing Awarded Management of Two Student Housing Communities in California

SACRAMENTO AND CHICO, CALIF. — Asset Campus Housing has been awarded management of two student housing communities in California. Properties include The Crossings, located near California State University - Sacramento; and The Post on Nord, located near California State University - Chico. Combined, the two properties add 1,402 beds to Asset Campus’ student housing portfolio. Both communities feature fully equipped computer labs and fitness centers, and offer fully furnished units in a..

August 7, 2017

Motivado Group Completes 165-Bed Student Housing Property in Austin

AUSTIN, TEXAS — Motivado Group Inc., a Texas-based design-build firm, has completed The Ruckus Lofts, a 165-bed student housing property located two blocks west of The University of Texas at Austin. Amenities of the seven-story building include a fitness center, cyber café, student conference rooms and a coffee bar. Motivado Group served as general contractor on the project, which was developed by Lincoln Ventures.

August 3, 2017

Nelson Brothers Acquires 184-Bed Community Near Washington State University

PULLMAN, WASH. — Nelson Brothers Professional Real Estate LLC has acquired College Crest Apartments, a 184-bed student housing community located near Washington State University in Pullman. The garden-style community offers two-, three- and four-bedroom units. Highland Realty Capital Inc. served as the broker for the transaction. Calmwater Capital provided $7.6 million in senior debt for the acquisition of the property and for renovations, to include unit upgrades and the conversion of 39..

August 2, 2017

FM Capital Purchases 528-Bed Student Housing Property Near Georgia Southern University

STATESBORO, GA. — FM Capital has acquired Campus Evolution Villages at Statesboro, a 528-bed student housing community near Georgia Southern University in Statesboro. FM Capital will rebrand the property as The Vault at Statesboro and install capital improvements including a new clubhouse and game room; new hot tub, cabanas, fire pits and grill stations by the pool; a dog park; new fitness center with video software; a computer room and two private study rooms. The sales price and seller were..

July 31, 2017

Peak Campus to Operate Rebel Place Student Housing in Las Vegas

LAS VEGAS — Atlanta-based Peak Campus has been awarded management of Rebel Place in Las Vegas, along with three other student housing communities in Texas and North Carolina. Waypoint Campus Housing, an affiliate of Waypoint Residential, purchased the 2,062-bed portfolio. Each community is located minutes from campus, and offers shared amenities including clubhouses with gaming stations, resort-style pools, business centers and computer labs, study rooms, sports courts, and outdoor social..

July 31, 2017

KeyBank Structures $29.5M Loan for Student Housing Property Near University of Arkansas

FAYETTEVILLE, ARK. — KeyBank Real Estate Capital has secured a $29.5 million loan for Sterling District, a 198-unit student housing community in Fayetteville, less than a half mile from the University of Arkansas campus. Caleb Marten of KeyBank structured the fixed-rate, first-mortgage loan with seven years of interest-only payments through a correspondent life company relationship. Sterling District features a swimming pool, hot tub, fitness center, study rooms, game rooms, cyber café and..

July 28, 2017