Tuesday, July 22, 2025
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Student Housing

Zone-Apts-Tucson-AZ
ArizonaLoansMultifamilyStudent HousingWestern

Gantry Arranges $8.5M Acquisition Financing for The Zone Apartments Near University of Arizona

by Amy Works

TUCSON, ARIZ. — Gantry has secured $8.5 million in acquisition financing for The Zone Apartments, a 104-bed student housing community located near the University of Arizona campus in Tucson. Adam Parker and Chad Metzger of Gantry secured the financing through an undisclosed regional bank on behalf of the borrower, a private real estate investor. The loan features a five-year term, fixed rate and two years of interest-only payments. The borrower acquired the property through a reverse 1031 exchange. The Zone is master leased to operator Tripalink and offers four-bedroom units with bed-to-bath parity.

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DevelopmentMidwestMultifamilyStudent HousingWisconsin

CRG Buys Land Near University of Wisconsin-Madison, Plans 534-Bed Student Housing Development

by Kristin Harlow

MADISON, WIS. — CRG has purchased a land site near the University of Wisconsin-Madison campus with plans to build a 534-bed student housing project named Chapter at Madison. Construction is expected to begin in December on the 10-story building. Completion is slated prior to the 2024-2025 academic year. Amenities will include a fitness center, private study spaces and conference rooms, a rooftop terrace and underground parking garage. The site is currently home to the former Buckingham’s Bar & Grill, Faith Community Bible Church, the former Fraboni’s Italian Specialties and Delicatessen and two rental houses. All the buildings have been acquired and are slated for demolition. Financing comes from Old National Bank, Johnson Bank and Bremer Bank.

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AcquisitionsColoradoMixed-UseMultifamilyStudent HousingWestern

Berkadia Negotiates $24.5M Sale of University Lofts Student Housing Property in Denver

by Amy Works

DENVER — Berkadia has arranged the sale of University Lofts, a mixed-use student housing community in Denver. California-based Amplify Development Co. sold the asset to an undisclosed buyer for $24.5 million. Located at 2372 E. Evans Ave., University Lofts features 36 units totaling 98 beds in a mix of studio, two- and four-bedroom layouts. Community amenities include a newly renovated student lobby, heated underground parking and street-level retail. Kevin Larimer, Brandon Buell, Nick Steele, Tyler King and Nate Moyer of Berkadia represented the seller in the transaction.

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FeaturesStudent Housing

Will the Fourth Quarter See a Return to Normal Investment Sales Activity in Student Housing?

by Katie Sloan

The cancellation of the NMHC Student Housing Conference due to Hurricane Ian took some wind out of the student housing investment sales market this fall. The annual event is where many dealmaking meetings are held. Activity was a little slower during the third quarter due to changes in the capital markets climate, but is expected to pick up as the year draws to a close and more sellers bring properties to market.  “August was a little bit slower, but now that we have the rent rolls for fall 2022 we are seeing a lot of assets hit the market,” says Teddy Leatherman, senior managing director, capital markets, with JLL. “Our team has never been busier from a broker’s opinion of value (BOV) or RFP standpoint.” The investment sales market, overall, has had a strong year. Even removing Blackstone’s $13 billion acquisition of American Campus Communities from the market, the student housing sector has had a robust year. Add that transaction in the mix, and the industry will likely have a record year in 2022. “The first three quarters of 2022 surpassed 2021’s volume and broke 2018’s record for annual transaction volume,” says Timothy Bradley, founder of TSB Capital Advisors and …

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PTLA-Four-Properties-Eugene-OR
AcquisitionsMultifamilyOregonStudent HousingWestern

PTLA Real Estate Acquires Four-Property Student Housing Portfolio Near the University of Oregon

by Amy Works

EUGENE, ORE. — PTLA Real Estate has acquired a four-property student housing portfolio near the University of Oregon campus in Eugene. The communities — named The Anthony, The Pearl, Westgate and The Sonja — offer a total of 186 units and 383 beds. The properties were 95 percent leased ahead of the current academic year. The portfolio recently underwent roughly $2 million in renovations, including updates to shared amenity spaces. Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE’s national student housing team and Josh McDonald with CBRE’s Northwest multifamily investment sales team arranged the transaction on behalf of the undisclosed seller.

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AcquisitionsFloridaSoutheastStudent Housing

Landmark Properties Acquires Student Housing Community Near UCF in Orlando

by John Nelson

ORLANDO, FLA. — Landmark Properties has acquired Knightshade, a student housing community located near the University of Central Florida (UCF) campus in Orlando. Landmark originally developed the property in 2014 and will rebrand it as The Retreat West. The community offers two-, three-, four-, five- and six-bedroom units. Shared amenities include tennis, volleyball and basketball courts; green space; a dog park; golf simulator; sauna; technology center; fitness center; clubroom; and a resort-style swimming pool. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE’s National Student Housing team and Chip Wooten and Jeff Gray of CBRE’s Multifamily Investment Sales team in Orlando arranged the transaction on behalf of the undisclosed seller. The sales price was not disclosed.

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Sol-y-Luna-Tucson-AZ
AcquisitionsArizonaMultifamilyStudent HousingWestern

Vesper Holdings Buys Sol y Luna Student Housing Community Near the University of Arizona for $203M

by Amy Works

TUCSON, ARIZ. — Vesper Holdings has acquired Sol y Luna, a 972-bed student housing community located near the University of Arizona in Tucson, for $203 million. The acquisition ranks among the five largest single-asset purchases in student housing history and is the largest not involving institutional capital, according to Vesper. Brad Cooke of Colliers represented the seller, Nelson Partners Student Housing, in the transaction. Tim Bradley of TSB Capital Advisors provided guidance to Vesper on the acquisition. The property comprises a 15-story tower and a 13-story tower, which were developed in 2014. The community offers 340 units in studio to five-bedroom configurations across 344,760 square feet of rentable space. The property also includes 7,640 square feet of ground-floor retail and a 200-stall parking garage. Campus Life & Style, Vesper’s in-house management arm, will operate the property following the acquisition.

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DevelopmentMultifamilyStudent HousingTexas

Partnership Completes 59-Unit Student Housing Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between two Dallas-area firms, Miyama USA Texas and Dodson Commercial Real Estate, has completed The Rosedale, a 59-unit student housing project that will serve students at Texas Wesleyan University in Fort Worth. The three-story building will house one- and two-bedroom units with a total 100 beds and amenities such as a lounge, fitness center, conference room, rooftop patio and a study lab.

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AcquisitionsMultifamilyNorth CarolinaSoutheastStudent Housing

Preiss Acquires 928-Bed Student Housing Community Near NC State in Raleigh, Plans $10M Renovation

by John Nelson

RALEIGH, N.C. — The Preiss Co. has acquired Valentine Commons, a 928-bed student housing property located near the North Carolina State University (NC State) campus in Raleigh. Located steps away from campus at 3009 ME Valentine Drive, the property features an 11-story building offering 277 fully furnished units in two-, three- and four-bedroom configurations. Shared amenities include a swimming pool, rooftop terrace, private study rooms on every floor, a business center, aerobics room, fitness center, game room and a private parking garage. The seller and sales price were not disclosed, but Ben Roelke and Ian Walker of Newmark secured $77.3 million in financing for the acquisition through an unnamed life company lender. The five-year loan features full-term, interest-only payments. Preiss Co. is planning a $10 million capital improvement plan for Valentine Commons, the construction timeline of which was not disclosed.

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DevelopmentMultifamilyNew JerseyNortheastStudent Housing

RISE, New Jersey Institute of Technology Complete 548-Bed Student Housing Project

by Taylor Williams

NEWARK, N.J. — A public-private partnership between RISE: A Real Estate Co. and the New Jersey Institute of Technology has completed Maple Hall, a 548-bed student housing project located on the university’s Newark campus. The eight-story development includes a game room, an outdoor terrace, full kitchens, private and group study rooms, a creative studio, an outdoor kitchen and onsite parking. The community also features 2,145 square feet of retail space. RISE will provide ongoing property management at Maple Hall, which opened before the start of the 2022-2023 academic year. The development team for the project included Niles Bolton Associates, Netta Architects, Terminal Construction, T&M Associates, Langan Engineering and RBC Capital Markets.

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