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Student Housing

AcquisitionsArkansasSoutheastStudent Housing

Student Quarters Acquires 232-Bed Student Housing Property Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — Student Quarters has acquired Champions Club, a 232-bed student housing property located near the University of Arkansas campus in Fayetteville. Located at 1629 S. Razorback Road, the community offers fully furnished units in two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, gaming lounge, computer café, dog park and outdoor grilling stations. Student Quarters plans to invest in both operational and experiential upgrades to the community, including the implementation of resident-focused programming and branded touchpoints. The seller and terms of the transaction were not released.

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24Longview-Austin
AcquisitionsMultifamilyStudent HousingTexas

Entrada Partners Acquires 243-Bed Student Housing Property in Austin

by Taylor Williams

AUSTIN, TEXAS — Dallas-based investment firm Entrada Partners has acquired a 243-bed student housing property located near the western portion of the University of Texas at Austin campus. Built in 2012 and known as 24Longview, the property offers a mix of one-, two-, three- and four-bedroom floor plans across 70 units. The amenity package comprises a pool, fitness center, lounge area, study rooms, green space and onsite laundry facilities. Kent Myers and Jordan Featherston of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the transaction. De’On Collins, Jayme Nelson and Samantha Jay of JLL arranged acquisition financing for Entrada Partners, which plans to implement capital improvements at 24Longview.

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AcquisitionsAlabamaSoutheastStudent Housing

Core Spaces Acquires 501-Bed Student Housing Community Near Auburn University

by John Nelson

AUBURN, ALA. — Core Spaces has acquired The Union at Auburn, a 501-bed property located near the Auburn University campus in Alabama. The Chicago-based student housing owner-operator purchased the community from Boston-based WFI for an undisclosed price. Newmark brokered the acquisition. Shared amenities at The Union at Auburn include a clubhouse; two-story fitness center with a Barre, Yoga and TRX studio and on-demand fitness classes; cyber café and business center; rideshare lounge; resort-style swimming pool; outdoor kitchen and entertainment area; dog park; and study rooms.

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313-College-Ave.-College-Station
DevelopmentMultifamilyStudent HousingTexas

LV Collective, Culpepper Unveil Plans for 952-Bed Student Housing Project in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — A partnership between LV Collective and Culpepper Realty has unveiled plans for a 952-bed student housing project that will serve students at Texas A&M University in College Station. The site at 313 College Ave. is located directly across from campus within the Legacy Point master-planned development. The community will feature 316 units in studio, one-, two-, three-, four-, five- and six-bedroom configurations, as well as 6,335 square feet of retail space. Amenities will include a pool, coffee bar, private and communal study rooms, fitness center, rooftop lounge and a courtyard. Project partners include Andres Construction, Oz Architecture, Variant Collaborative (interior design), Ironwood Design Group (landscape architecture), Kimley-Horn and VSM2 Structural Engineers. Completion is slated for fall 2027.

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LoansMichiganMidwestMultifamilyStudent Housing

District Capital Secures $25.1M Acquisition Loan for Michigan Student Housing Property

by Kristin Harlow

DEARBORN, MICH. — District Capital has secured a $25.1 million first mortgage loan for a 622-bed student housing community at the University of Michigan – Dearborn. Mike Lemon of District Capital arranged the nonrecourse loan through a bank. The loan features a five-year term, fixed interest rate, one year of interest-only payments and a 30-year amortization.

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Morado-on-Berry-Fort-Worth
DevelopmentMixed-UseMultifamilyStudent HousingTexas

TCU, Endeavor Break Ground on Morado on Berry Mixed-Use Development in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Texas Christian University (TCU) and Austin-based Endeavor Real Estate Group has broken ground on Morado on Berry, a mixed-use development on the university’s campus in Fort Worth. The development will include two student housing communities with apartments for upper-level students at 2900 W. Berry St. and 3024 Cockrell Ave. on the southern edge of TCU’s campus. The properties will also feature 25,000 square feet of ground-floor retail space upon completion, which is expected ahead of the 2027-2028 academic year. The communities’ 780 beds will be offered in studio, two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities are set to include a fitness center and Pilates studio; rooftop pool and deck with a Jumbotron and adjacent social lounge with billiards; group and private study rooms; an outdoor living room with cooking facilities; and a large courtyard. The development team for the project includes a real estate fund advised by Crow Holdings Capital, Robert A.M. Stern Architects, Lake|Flato, The Beck Group, JLL, OHT Partners and Kimley-Horn. American Campus Communities has been tapped to provide marketing, leasing and property management services for Morado on Berry.

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State-Industry
Conference CoverageFeaturesStudent Housing

InterFace Student Housing State of the Industry Panel Predicts Flight to Quality, Focus on Affordability for 2025 

by Hayden Spiess

By Katie Sloan AUSTIN, TEXAS — The ‘State of the Industry’ panel at the 17th annual InterFace Student Housing conference held more of a trepidatious tone than heard in recent years. While pre-leasing levels and rental rates are still above historical norms, the industry is seeing a slight deceleration in pre-leasing speed and rate growth, leading some to question what the industry has in store for the year ahead. The discussion — held on April 10 in Austin, Texas — was moderated by Alex O’Brien, CEO with Cardinal Group.  The best way to characterize the industry this year is hesitant according to Ryan Lang, executive vice chairman with Newmark, who believes investor reluctance is largely due to pre-leasing numbers falling a couple of points behind levels seen at this time last year. Still, levels are trending far ahead of pre-leasing levels seen in 2019, lending to confidence overall in the sector.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “The past two years were unprecedented from a leasing perspective with properties leasing up the fastest and with the highest rents growths …

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DevelopmentIndianaMidwestMultifamilyStudent Housing

LV Collective Breaks Ground on Two-Building Student Housing Project Near Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — LV Collective has broken ground on Rambler Riverfront, a two-building student housing development near Purdue University in West Lafayette. The luxury project at 224 E. State St. is slated for completion in fall 2027. Plans for the 799,289-square-foot development include 583 units as well as retail space.

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Cottage-Row-Stillwater
AcquisitionsMultifamilyStudent HousingTexas

Joint Venture Acquires 792-Bed Student Housing Community Near Oklahoma State University

by Taylor Williams

STILLWATER, OKLA. — A joint venture between Monument Square Investment Group and affiliates of Walton Street Capital has acquired Cottage Row Stillwater, a 792-bed student housing community located near the Oklahoma State University campus in Stillwater. Developed in 2013, the property offers 231 cottage-style units and townhomes in two-, three-, four- and five-bedroom configurations. Shared amenities include a recently renovated, 11,000-square-foot clubhouse with study rooms, entertainment spaces and a fitness center; resort-style pool and hot tub; grilling stations; green space; full-sized basketball and sand volleyball courts; and a putting green. The joint venture plans to implement several capital improvements at the property, including new exterior paint and enhancements to the pool deck. The seller and additional terms of the transaction were not released.

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FloridaLoansLouisianaSouth CarolinaSoutheastStudent Housing

JLL Secures Refinancings for Three Southeast Student Housing Communities Totaling $134.9M

by John Nelson

TAMPA, FLA. — JLL Capital Markets has secured refinancings totaling a combined $134.9 million for three student housing communities across the Southeast. Lee Weaver, Melissa Marcolini Quinn, Rob Rothaug and Jade Starkey of JLL worked on behalf of Commercial Street Partners to secure a $97.5 million refinancing for Apella on Newport in Tampa. The three-year, floating-rate loan was placed through MF1/Limekiln Real Estate Investment Management. The newly constructed community spans 195,076 square feet at 311 North Newport Ave. near the University of Tampa campus. The property offers 576 beds across 150 fully furnished units in two-, three-, four- and six-bedroom configurations. Shared amenities include a rooftop pool, fitness center, study lounges and secured garage parking.  Weaver and Quinn, along with Kenny Cutler, Rob Rothaug and Cristian Sieman of JLL, also secured a $22 million refinancing for Preserve at Tech near Louisiana Tech University in Ruston, La. Prime Finance provided the two-year, floating-rate loan to borrower RISE: A Real Estate Co. Completed in 2021 at 1913 West Alabama Ave., the community offers 588 beds across 168 units in three- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour clubhouse, computer lab, fitness center and a gaming lounge.  JLL also worked on …

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