TEMPE, ARIZ. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Atmosphere Tempe, a 530-bed student housing community located near the Arizona State University campus in Tempe. The floating-rate bridge loan was secured on behalf of the borrowers, Trinitas and Harrison Street Asset Management, through PGIM. Delivered in 2021, the high-rise building offers 252 units with bed-to-bath parity. Shared amenities include a rooftop pool and hot tub, resort-style sundeck with lounge seating, grilling stations, “state-of-the-art” fitness center, private study lounges, computer lounge and a coffee bar.
Student Housing
CCI Real Estate Underway on 353-Bed Student Housing Development Near University of Georgia
by John Nelson
ATHENS, GA. — CCI Real Estate has begun construction on 290 Lumpkin, a 353-bed student housing development located near the University of Georgia campus in Athens. The community is being developed in partnership with the Georgia Baptist Mission Board and will include ministry space for Baptist Collegiate Ministries. The development team for the project, which is scheduled for completion in summer 2027, includes New South Construction. The eight-story community will offer 243 fully furnished units in studio, one- and two-bedroom configurations. The property will also feature a Three Tree Coffee location on the ground floor and a 356-space parking deck. Shared amenities are set to include a fitness and wellness center; landscaped courtyards; study and lounge spaces; a rooftop deck with a living garden and pool; pickleball and basketball courts; and grilling stations. Preleasing for the property will begin this fall.
COLLEGE STATION, TEXAS — A joint venture between Los Angeles-based PCCP LLC and Houston-based The Dinerstein Cos. has acquired two adjacent student housing communities totaling 1,128 beds near the Texas A&M University campus in College Station. The properties — formerly dubbed 2818 Apartments and Parkway Place — have been combined and rebranded as one asset, Sterling College Station. The new community offers 350 garden- and cottage-style units in one-, two- and four-bedroom configurations. Shared amenities include a pool, fitness center, business center, with a cybercafé, private study rooms, basketball and beach volleyball courts, outdoor grilling stations and a clubhouse with a community kitchen, game lounge and pool tables.
ATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta. CCI is developing the property in partnership with the Georgia Baptist Mission Board that will replace an existing Baptist Collegiate Ministries (BCM) building located at 740 Techwood Drive. CCI obtained $18 million in construction financing last year for the project. The 64,000-square-foot development will rise five stories and offer 55 fully furnished units in studio, one- and two-bedroom configurations. Shared amenities will include an onsite coffee shop, study lounges, study areas and an outdoor private courtyard with a fire pit. The development team for the project includes general contractor True North Cos. Completion is expected ahead of Georgia Tech’s 2027-2028 academic year.
Landmark Properties, CrossHarbor Capital Break Ground on 272-Unit Student Housing Property in Eugene, Oregon
by Amy Works
EUGENE, ORE. — Landmark Properties and CrossHarbor Capital have broken ground on The Mark Eugene, a 272-unit student housing property located on a 2.6-acre site in Eugene. The project team for the five-story housing community includes ESG Architecture & Design, Landmark Construction and KPFF Consulting Engineers. Located at 1290 Alder St., less than one mile from the University of Oregon, The Mark Eugene will feature 1,002 beds across 272 units in a mix of studios, one-, two-, three-, four- and five-bedroom layouts. Apartments will be fully furnished, wired for high-speed internet and cable and feature in-unit laundry. Units will also include stainless steel appliances and finishes, hardwood-style laminate floors, quartz countertops, wood trim, large cabinets and bed-bath parity. The Mark Eugene will feature 37,000 square feet of amenity space, including a resort-style pool and spa with cabanas, clubhouse, outdoor grilling, fire pit and seating areas, dog park and multiple outdoor courtyards. Interior amenities will include a fitness center, sports simulator, wellness suite with sauna and cold plunge, study lounge with café, gaming lounge and bike storage. Additionally, the property will feature 5,785 square feet of ground-floor retail space within a parking deck located at 13th and Hilyard, which was included as …
Landmark Properties, Paceline Break Ground on 656-Bed Off-Campus Student Housing Community Near Kennesaw State University
by Abby Cox
KENNESAW, GA. — Landmark Properties and an affiliate of Paceline Equity Partners have broken ground on The Standard at Kennesaw, a 656-bed, off-campus student housing community located less than a mile from Kennesaw State University in metro Atlanta. Landmark Construction, the in-house general contractor for Landmark Properties, will serve as general contractor for the five-story building. Niles Bolton Associates will serve as architect, while Eberly & Associates will serve as structural engineer. Construction will begin immediately and is expected to be completed for the 2028-2029 academic year. The Standard at Kennesaw will offer 157 units in studio through six-bedroom configurations. Amenities at the community will include a resort-style rooftop pool deck with a jumbotron; a grilling area and firepits; clubhouse; fitness center and sauna; golf simulator; open-air courtyards; a study lounge with a café; bike storage rack; parking deck; and more than 11,000 square feet of recreation space. The community will also offer 559 parking spaces and access to an off-campus shuttle bus.
Gilbane, CBRE Investment Begin Leasing 703-Bed Student Housing Development Near University of Florida
by John Nelson
GAINESVILLE, FLA. — Gilbane Development and CBRE Investment Management have begun leasing Zaya, a 703-bed student housing project located at 3600 S.W. 20th Ave. in Gainesville. The property, which broke ground last year, is situated less than one mile from the University of Florida campus and Butler Center, a retail destination featuring three power retail centers: Butler Plaza, Butler North and Butler Town Center. Scheduled for completion in fall 2027, Zaya will offer 352 units with bed-to-bath parity. Shared amenities are set to include three courtyards, study rooms on each floor, a coworking lounge, rooftop resort-style pool, pickleball court, clubhouse, 24-hour fitness center, yoga studio and an indoor sauna.
Transwestern Brokers $16.7M Sale of 262-Bed Student Housing Community in Greeley, Colorado
by Amy Works
GREELEY, COLO. — Transwestern’s National Student Housing team has brokered the $16.7 million sale of University Flats, a student housing community located at 1758 6th Ave. in Greeley. An entity doing business as 1758 6th Avenue LLC acquired the asset for $63,922 per bed. Mike McGaughy, Jon Kleinberg and John Blackshire of Transwestern executed the transaction on behalf of the undisclosed seller via the RI Marketplace commercial real estate auction platform. Serving the University of Northern Colorado, University Flats features 262 beds and is located three blocks from campus. At the time of sale, the property was 97 percent occupied and 84 percent preleased for the 2026-2027 academic year.
Bayview PACE Provides $15.7M C-PACE Financing for Student Housing Conversion Project in Baltimore
by John Nelson
BALTIMORE — Bayview PACE has closed $15.7 million in C-PACE financing for Plaza Baltimore, an adaptive reuse project located at 1 S. Calvert in downtown Baltimore. The borrower, Philadelphia-based MIRA Properties, is leading the $57 million repositioning of the former bank headquarters building into 157 Class A apartments, as well as 8,162 square feet of commercial space on the ground level. Morgan State University recently announced that it will fully lease the building and operate the property for student housing. Amenities will include a rooftop deck, resident lounge, billiards, movie room and bike storage. The design-build team includes MIRA Construction, an affiliate of MIRA Properties, and locally based SETO Architects.
JLL Secures $64M Refinancing for 820-Bed Student Housing Community Near Mississippi State University
by Abby Cox
STARKVILLE, MISS. — JLL has secured a $64 million refinancing for The Vista Starkville, an 820-bed student housing community located near the Mississippi State University campus in Starkville. Gregg Shapiro, Mike Brady, Sam Tarter, Christian Johnston and Connor McCarthy of JLL represented the borrower, Student Quarters, in securing the three-year, floating-rate loan from QuadReal Property Group. Built in 2019, the property offers 309 units in a mix of studio through five-bedroom configurations. Shared amenities include a fitness center, social lounge, resort-style pool and private resident parking. The community also features ground floor retail space occupied by Boardtown Pies & Pints.
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