STARKVILLE, MISS. — A joint venture between an affiliate of Monument Square Investment Group and funds managed by an undisclosed investment management firm has purchased The Social Block and Townhomes, a 962-bed student housing community located near the Mississippi State University campus in Starkville. The property offers 385 units in two- and four-bedroom apartment and townhome configurations. Shared amenities include a resort-style pool, 24-hour fitness center, business lounge, green space and grilling stations. The seller and terms of the transaction were not released.
Student Housing
NEW YORK CITY — A partnership between California-based private equity firm Hawkins Way Capital and global investment firm Värde Partners has acquired a student housing property in Manhattan’s East Village for $28 million. According to StreetEasy, the building at 81 E. Third St. was built in 2003, rises 13 stories and features 45 units. Information on floor plans and amenities was not disclosed. The partnership acquired the building, which can also support traditional multifamily usage, in an off-market transaction. The seller was not disclosed.
Northmarq Arranges $24M in Construction Financing for Student Housing Project Near UC Berkeley
by Amy Works
BERKELEY, CALIF. — Northmarq has arranged $24 million in construction financing for the development of 2372 Ellsworth Street, a 166-bed student housing community located at the corner of Ellsworth Street and Channing Way near the University of California, Berkeley campus. Briana DeHaan and Brandy Buttram of Northmarq secured the financing on behalf of an undisclosed borrower. The community will offer 49 units upon completion. Further details on the project were not announced.
Akara, DEVEN to Break Ground on 305-Bed Student Housing Project Near San Diego State University
by Amy Works
SAN DIEGO — A joint venture between Akara Partners and Development Ventures (DEVEN) Group is set to break ground on a 305-bed, transit-oriented development located at 5077 College Ave. near the San Diego State University campus in California. The eight-story community will span 98,500 square feet and offer 110 units. The project is scheduled for completion ahead of the 2028-2029 academic year. The partnership was facilitated by JLL Capital Markets.
Article Student Living Acquires 280-Bed Student Housing Community Near University of Kentucky
by John Nelson
LEXINGTON, KY. — Article Student Living has acquired Signature Apartments, a 280-bed student housing community located near the University of Kentucky campus in Lexington. The property was delivered in 2024 and offers units in one-, two- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, coffee bar, outdoor terrace and kitchen, clubhouse and group study rooms. The seller and terms of the transaction were not released.
COLLEGE STATION, TEXAS — A joint venture between The Dinerstein Cos., Up Campus Student Living and Harrison Street Asset Management has completed Aspire Reserve, an 873-bed student housing project located near the Texas A&M University campus in College Station. Situated within the Northgate District the 19-story building houses studio through six-bedroom units that range in size from 400 to 1,900 square feet. Amenities include two pools, study and collaboration spaces, a golf and gaming simulator, resident game lounges, a beauty bar, a retail market and an indoor/outdoor fitness and wellness center with yoga and spin studios.
LUBBOCK, TEXAS — Houston-based developer McGrath Real Estate has completed the lease-up of The Wyatt, a 736-bed student housing project near Texas Tech University in Lubbock. The Wyatt, which is 100 percent occupied, offers one- through five-bedroom units that range in size from 570 to 2,041 square feet. Amenities include a pool, pickleball courts, an outdoor amphitheater, business center, fitness center, coworking space and pet-friendly facilities, as well as shuttle service to campus.
SAN ANTONIO — A joint venture between Barshop & Oles Co. and Phoenix Property Co. has broken ground on La Cantera Crossing, a 10-acre development that will be located near the University of Texas at San Antonio campus. The project will include a 563-bed student housing community and retail space. Phoenix Property Co. will develop the student housing component of the project, which is expected to be complete in fall 2028. Barshop & Oles will develop the retail component, which will include multi-tenant buildings and pad sites. Further details on the development were not released.
908 Group Breaks Ground on 684-Bed Student Housing Project Near University of Florida
by John Nelson
GAINESVILLE, FLA. — 908 Group has broken ground on Chapter House UF, a 684-bed student housing development located at 920 S.W. Depot Ave. in Gainesville near the University of Florida campus. The project is being developed in partnership with Batson-Cook Development Co. and an undisclosed, Fortune 100 insurance company. The community will offer 219 units alongside 9,000 square feet of shared amenity space. The development team includes ARCO/Murray, Humphreys & Partners Architects and NV5. Pacific Life provided an undisclosed amount of construction financing. Asset Living has been tapped to manage Chapter House UF upon completion, which is scheduled for summer 2028.
Subtext, FrontRange Capital Open 697-Bed Student Housing Community Near University of South Carolina
by John Nelson
COLUMBIA, S.C. — Subtext, along with development partner FrontRange Capital, has opened VERVE Columbia, a 697-bed student housing community located at 450 Blossom St. in Columbia, which is roughly two blocks from the University of South Carolina (USC) campus. The 223-unit, four-story property spans more than 400,000 square feet and is situated directly across from USC’s baseball arena, Founders Park. Amenities include a 24/7 fitness center, outdoor fitness stations, a sauna, meditation rooms, basketball and pickleball courts, resort-inspired pool courtyard with hot tub and sun shelf, poolside Jumbotron, cabanas and hammock swings, fire pits, grilling stations, club room with TV and game lounges, a multi-sport simulator, group and private study spaces, study pods and booths, content creation studio, a coffee bar in the lobby with cold brew on tap, pet spa, dog park, EV charging stations and bike and scooter storage with charging and repair stations. The project team includes architect Dynamik Design, interior designer Mary Cook Associates, general contractor W.M. Jordan Co. and civil engineer Davis & Floyd. CIBC arranged construction financing via a syndication of lenders. VERVE Columbia is Subtext’s first student housing community to deliver in the Columbia market, with another project under construction at 931 Senate …
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