Student Housing

Preiss Acquires Student Housing Community Near University of Florida

by John Nelson June 12, 2017

GAINESVILLE, FLA. — The Preiss Company has acquired Cabana Beach Gainesville, a 1,488-bed student housing community located near the University of Florida in Gainesville. The property offers fully furnished units with bed-to-bath parity. Community amenities include a swimming pool, sand volleyball court, computer lab and study rooms. The new ownership, which also recently purchased the Cabana Beach San Marcos student housing community near Texas State University, intends to begin renovations on both properties’ units and common areas. The terms of the transaction and the seller were undisclosed.

June 12, 2017

Multifamily Oregon Student Housing Western

Core Spaces Breaks Ground on Multifamily Community in Portland

by Nellie Day June 9, 2017

PORTLAND, ORE. — Core Spaces has broken ground on The Collective on 4th, a 569-bed multifamily community located near Portland State University in Portland. The property will target students, as well as young professionals, families and empty nesters. The development is set to include studio, micro-, one- and two-bedroom units alongside two- and three-bedroom townhomes. Outdoor amenities will include bocce ball courts, fire pits, barbecues, private terraces and a fourth-floor terrace with a hot tub. A fitness center, business center, rooftop chef’s kitchen and lounge, Pilates/yoga space and sauna and steam room will also be included at the property. The project is scheduled for completion in summer 2019.

June 9, 2017

Arizona Multifamily Student Housing Western

Pierce Education Properties Acquires Student Housing Community Near University of Arizona

by Nellie Day June 7, 2017

TUCSON, ARIZ. — Pierce Educations Properties has acquired The Junction at Iron Horse, a 232-bed student housing community located near the University of Arizona in Tucson. The community offers one-, two-, three- and four-bedroom units with bed-to-bath parity. Community amenities include a swimming pool, lazy hammock courtyard, outdoor lounge area, 24-hour fitness center and computer center with a study lounge. The seller in the transaction and the sales price were undisclosed.

June 7, 2017

Multifamily Student Housing Texas

29SC Acquires 488-Bed Student Housing Property in San Marcos, Texas

by Taylor Williams June 6, 2017

SAN MARCOS, TEXAS — 29th Street Capital (29SC) has acquired The Reserve at West Avenue, a 152-unit, 488-bed student housing community in the San Antonio metro of San Marcos. Located at 109 West Ave., approximately two miles from Texas State University, the property consists of one-, two-, three- and four-bedroom units, each fully furnished, including washers and dryers. Amenities include a pool, 24-hour fitness center, private study rooms and a clubhouse with a game room. 29SC will invest roughly $1 million to the unit interiors and the property’s amenities.

June 6, 2017

California Multifamily Student Housing Top Stories Western

Mapletree Investments Acquires $1.6B Student Housing, Multifamily Portfolio from Kayne Anderson

by Katie Sloan June 6, 2017

LOS ANGELES — Singapore-based Mapletree Investments Pte Ltd. has acquired a portfolio of eight student housing communities and four multifamily properties from Los Angeles-based Kayne Anderson Real Estate Advisors for $1.6 billion. The student housing portion of the portfolio consists of 3,611 beds in the United States and 140 beds in Canada. Properties include: WaHu — an 825-bed community located near the University of Minnesota in Minneapolis The District at Campus West — a 659-bed community located near Colorado State University in Fort Collins, Colo. SkyVue — a 627-bed community located near the University of Pittsburgh in Pennsylvania 4th Street Commons — a 562-bed community located near Florida International University in Miami 930 NoMo — a 430-bed community located near the College of Charleston in Charleston, S.C. Todd — a 351-bed community located near the University of Missouri in Columbia, Mo. 700 on Washington — a 157-bed community located near the University of Minnesota in Minneapolis Parc Cite — a 140-bed community located near McGill University in Montreal, Canada The eight student housing properties are located an average of 0.2 miles away from campus, and have occupancies above 90 percent. The four multifamily properties total 1,388 units, and include: Mint Urban …

June 6, 2017

Loans Multifamily Student Housing Washington Western

Capstone, Harrison Street Close Equity Financing for $50M Mixed-Use Development at Seattle University

by Nellie Day May 31, 2017

SEATTLE — Capstone Development Partners and Harrison Street Real Estate Capital have closed on equity financing for an on-campus mixed-use development at Seattle University. The 143,000-square-foot mixed-use development will include 300 beds of student housing and 16,000 square feet of office space to be used as administrative offices for the university. Financing for the $50 million development was completed under Capstone and Harrison Street’s P3+ development model. Construction on the project is already underway, with an opening scheduled for August 2018. Ankrom Moisan Architects designed the project, which Howard S. Wright, a Balfour Beatty Company, is constructing. Seattle University Housing & Residence Life will provide residence life programming services, while Capstone and Harrison Street will provide asset management and Blanton Turner will provide facility maintenance services, all in a shared governance approach.

May 31, 2017

Multifamily Student Housing Texas

FourPoint Brokers Sale of Two Student Housing Communities Totaling 1,136 Beds in San Antonio

by Taylor Williams May 30, 2017

SAN ANTONIO — FourPoint Student Housing Investments has brokered the sale of Avalon Place and Hill Country Place, two student housing properties totaling 1,136 beds in San Antonio. Both Class B properties are located approximately one mile from the University of Texas at San Antonio. Chris Epp, Chris Bancroft and Meredith Wolff of FourPoint represented the seller, Blue Vista, in the transaction. The name of the buyer and other terms of sale were not disclosed.

May 30, 2017

Loans Multifamily Student Housing Texas

Dougherty Closes $5.5M Acquisition Loan for Student Housing Property in San Marcos, Texas

by Taylor Williams May 26, 2017

SAN MARCOS, TEXAS — Dougherty Mortgage LLC has closed a $5.5 million Fannie Mae loan for the acquisition of Millennium on Post, a 51-unit student housing property in the San Antonio suburb of San Marcos. The property is located at 1651 Post Road, roughly 2.5 miles from Texas State University. Dougherty arranged the 12-year loan through a partnership with Old Capital Lending on behalf of the borrower, 1651 Millennium Post Road LLC.

May 26, 2017

Arizona Multifamily Student Housing Western

Core Spaces to Deliver Six Student Housing Communities in 2018

by Nellie Day May 24, 2017

FLAGSTAFF, ARIZ. — Chicago-based Core Spaces is set to deliver six student housing communities in summer 2018. Developments include Hub on Campus Flagstaff, a 591-bed community near Northern Arizona University. Other Hub on Campus communities will be built in West Lafayette near Purdue University; Minneapolis near the University of Minnesota; Ann Arbor near the University of Michigan; Tuscaloosa near the University of Alabama; and Orlando near the University of Central Florida.

May 24, 2017

Multifamily Student Housing Texas

Stonemont to Develop 502-Bed Student Housing Community Near Sam Houston State in Huntsville

by Taylor Williams May 23, 2017

HUNTSVILLE, TEXAS — Stonemont Financial Group, an Atlanta-based investment firm, is developing The Armory at Sam Houston, a 502-bed student housing community located adjacent to Sam Houston State University in Huntsville. The property, which will feature a rooftop deck, resort-style pool and a seven-story parking garage, is scheduled to open in fall 2018. Temple, Texas-based MW Builders is serving as general contractor on the project. Denver-based Cardinal Management Group will handle leasing and management of the property.

May 23, 2017

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