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Student Housing

The-Northside-Berkeley-CA
CaliforniaDevelopmentLoansMultifamilyStudent HousingWestern

Panoramic Interests Receives $30M Construction Loan for Student Housing Development Near UC Berkeley

by Amy Works

BERKELEY, CALIF. — Panoramic Interests has received a $30 million construction loan for The Northside, a 73-unit student housing development in Berkeley. Jordan Angel and Alex Witt of JLL secured the financing through BHI, a full-service commercial bank that operates as the U.S. division of Bank Hapoalim, on behalf of the borrower. The development site for the 451,509-square-foot project is located at 1752 Shattuck Ave. near the University of California (UC) Berkeley campus. The project is scheduled for completion in March 2026 and will rise seven stories and offer 1,210 square feet of retail space. The community will offer fully furnished units in studio, one-, two-, three- and four-bedroom configurations. The units will feature modern furnishings, large operable windows, hospital-grade ventilation, engineering soundproofing and nine-foot ceilings. Shared amenities will include a rooftop deck, secure bike storage, laundry rooms, lounges, co-working space and keyless entrances. Jordan Angel and Alex Witt of JLL Capital Market’s Debt Advisory represented the borrower in the financing.  

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AcquisitionsMississippiSoutheastStudent Housing

Tailwind Group Acquires 480-Bed Student Housing Community Near Mississippi State University

by John Nelson

STARKVILLE, MISS. — Tailwind Group and its partners have acquired Campus Trails, a 480-bed student housing community located near the Mississippi State University campus in Starkville. The property features 156 units in two- and four-bedroom layouts. Tailwind plans to implement renovations at the community over the next 12 months, including strategic unit upgrades, repurposing interior and exterior amenity spaces and general property enhancements. Plans also include a rebranding this fall. William Vonderfecht of CBRE brokered the transaction, which marks Tailwind’s fourth student housing acquisition this year. The seller and sales price were not disclosed.

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DevelopmentNorth CarolinaSoutheastStudent Housing

Core Spaces, TPG Break Ground on 2,195-Bed Student Housing Development Near North Carolina State University

by John Nelson

RALEIGH, N.C. — Construction is underway on Hub Raleigh, a 2,195-bed student housing development located at 111 Cox Ave. near the North Carolina State University (NC State) campus in Raleigh. The nearly 1 million-square-foot project is being developed by a joint venture between Core Spaces and TPG Real Estate and is scheduled for completion ahead of the 2026-2027 academic year. The 12-story building will offer a mix of studio through four-bedroom, fully furnished units. The property will feature over 40,000 square feet of indoor and outdoor amenity space, including a resort-style swimming pool and hot tub, fitness center, fire pit, outdoor kitchen and grilling area, clubhouse and coworking space. The community will also include a 558-stall parking garage. TSB Capital Advisors acted as financial advisor to Core Spaces and TPG Real Estate on the joint venture and construction financing, which was provided by Pacific Life Insurance Co. PC Treehouse Construction, a partnership between Power Construction and Core Spaces, is serving as general contractor for the project. The design team includes architect Antunovich Associates, interior designer Harken and Core Spaces’ in-house team.

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DevelopmentIndianaMidwestMultifamilyStudent Housing

Subtext Completes 751-Bed VERVE West Lafayette Student Housing Community Near Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Subtext has completed VERVE West Lafayette, a 751-bed student housing community located two blocks from Purdue University in West Lafayette. The project at 150 S. Chauncey Ave. rises seven stories with 235 units across studio, one-, two-, three- and four-bedroom layouts. VERVE West Lafayette includes two restaurants and a high-end bodega fronting Chauncey Street. The property is fully preleased for the coming school year. Amenities include a fitness center, clubhouse, study spaces, Zen courtyards, a pool, multipurpose lawn, dog park and year-round hut tub. The project team included WDG Architecture, interior designer Ankrom Moisan, Brinkmann Constructors and civil engineer TBIRD Design Services. PNC was the lender.

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AcquisitionsSouth CarolinaSoutheastStudent Housing

Rockpoint, Realco Capital Purchase 357-Bed Student Housing Community Near College of Charleston

by John Nelson

CHARLESTON, S.C. — Boston-based Rockpoint and Connecticut-based Realco Capital Partners have purchased Summit Place, a Class A midrise student housing community adjacent to the College of Charleston in the city’s Upper King Street neighborhood. Built in 2020, the property features 357 student housing beds across 118 units, as well as a fitness center, swimming pool and study spaces, among other amenities. The seller and sales price were not disclosed. Realco Capital previously has been had an ownership stake in Summit Place since 2022.

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DevelopmentIndianaMidwestMultifamilyStudent Housing

Landmark Properties to Build 678-Bed Student Housing Community Near Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Landmark Properties has unveiled plans to build The Standard at West Lafayette, a 678-bed student housing community near Purdue University. The 253-unit project will be situated at the corner of Pierce and West Wood streets adjacent to the east side of Purdue’s campus in West Lafayette. BKV Group is the project architect. Landmark Urban Construction, the in-house general contractor for Landmark Properties, will serve as construction manager on the 13-story project. Completion is slated for fall 2027. The Standard at West Lafayette will offer 18,234 square feet of amenity space, including a rooftop clubhouse with an outdoor heated pool and fitness center as well as a fourth-floor amenity level with seating, a grilling area, gaming lounge and interior courtyard. The community will provide parking for 207 vehicles. The community is the second for Athens, Ga.-based Landmark Properties in Indiana.

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AcquisitionsKentuckySoutheastStudent Housing

Vesper Holdings Acquires 649-Bed Student Housing Community Near University of Kentucky

by John Nelson

LEXINGTON, KY. — Vesper Holdings has acquired The Lex, a 649-bed student housing community located near the University of Kentucky campus in Lexington. Built in 2008, the four-story property offers a mix of one-, two- and four-bedroom units with bed-to-bath parity. Amenities include a 24-hour fitness center, resort-style swimming pool, yoga studio, study spaces, outdoor hammock garden and a newly renovated clubhouse and gaming lounge. Vesper partnered with an undisclosed institutional investor on the off-market acquisition, financing for which was placed by Gregg Wallace at AMA Financial. The new ownership plans to begin a capital improvement plan imminently that will include the addition of updated technology and upgrades to units and shared amenity spaces. Campus Life & Style, Vesper’s in-house property management platform, will operate The Lex.

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The-Oasis-San-Marcos
AcquisitionsMultifamilyStudent HousingTexas

Palladius Capital Management Sells 672-Bed Student Housing Property in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Austin-based investment firm Palladius Capital Management has sold The Oasis, a 672-bed student housing property in San Marcos, located roughly midway between Austin and San Antonio. The 240-unit property is located about three miles from the Texas State University campus and offers amenities such as a pool, fitness center, clubhouse and study lounges. Palladius acquired the property in spring 2022 and implemented a value-add program prior to the sale. Chris Epp of Walker & Dunlop represented Palladius in the transaction The buyer and sales price were not disclosed.

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DevelopmentSoutheastStudent HousingTennessee

Core Spaces, Schenk Realty Plan 800-Bed Student Housing Development Near University of Tennessee

by John Nelson

KNOXVILLE, TENN. — A joint venture between Core Spaces and Schenk Realty has announced plans for an 800-bed student housing development located near the University of Tennessee campus in Knoxville. Located at 1801 Cumberland Ave., the community will rise seven stories and offer 215 units in studio through five-bedroom configurations. Shared amenities will include a rooftop swimming pool, hot tub and sun deck, as well as ground floor retail. Construction on the project is set to begin in spring 2025. In addition to this unnamed project, Core Spaces and Schenk are also currently developing Hub Knoxville, a nearby student housing development that will comprise 1,600 beds.

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LoansMultifamilyNortheastPennsylvaniaStudent HousingTop StoriesWalker & Dunlop

Walker & Dunlop Provides $285.5M Refinancing for Two Student Housing Properties at Temple University in Philadelphia

by Kristin Harlow

PHILADELPHIA — Walker & Dunlop Inc. has provided a $285.5 million loan for the refinancing of Vantage and The View at Montgomery, two student housing properties located on Temple University’s campus in Philadelphia. The Class A communities total 1,816 beds. Completed in 2019, Vantage rises 19 stories with 368 units. The property features more than 30,000 square feet of amenity space, retail offerings and floor plans ranging from studios to four bedrooms. Opened in 2014, The View at Montgomery includes 238 units and is located in the center of Temple University’s main campus. The 14-story building features studios through four-bedroom layouts. The Goldenberg Group acquired the site for Vantage and The View at Montgomery in 2008 as part of a multi-phase student housing project to bring much-needed rental product to Temple University. Walker & Dunlop’s multifamily finance and capital markets teams originated the seven-year, fixed-rate loans through Freddie Mac on behalf of The Goldenberg Group. Additionally, Walker & Dunlop Investment Partners (WDIP) provided a preferred equity investment as part of the refinancings. “In the face of macro headwinds stemming from the financial crisis, the COVID pandemic and nationwide enrollment pressure, the student housing sector has proven its resiliency time and …

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