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Student Housing

The-Mark-Mansfield-Storrs-Connecticut
ConnecticutDevelopmentMultifamilyNortheastStudent Housing

Landmark, Peninsula to Develop 738-Bed Student Housing Project in Storrs, Connecticut

by Taylor Williams

STORRS, CONN. — A partnership between Georgia-based developer Landmark Properties and Miami-based private equity real estate firm Peninsula Investments will develop The Mark Mansfield, a 738-bed student housing project in Storrs, home of the University of Connecticut. The 1.5-acre site at 134 N. Eagleville Road is adjacent to campus. Information on specific floor plans and amenities was not disclosed, but The Mark Mansfield’s residences will be fully furnished residences with high-end finishes. In addition, the property will house approximately 7,000 square feet of retail space that will be occupied by Huskies Tavern, which is currently located onsite. A construction timeline was also not disclosed.

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AcquisitionsArkansasDevelopmentSoutheastStudent Housing

Endeavor Acquires Student Housing Development Site Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing the company’s student housing platform. Carroll previously spent over 20 years with American Campus Communities. He will be joining Jake Newman, principal of Endeavor, who will be spearheading the firm’s new student housing division.

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AcquisitionsFloridaSoutheastStudent Housing

JLL Arranges Sale of 344-Bed Student Housing Community Near University of West Florida

by John Nelson

PENSACOLA, FLA. — JLL has arranged the sale of The Edge, a 344-bed student housing property located near the University of West Florida campus in Pensacola. Built in 2017, the community offers 84 fully furnished units in three-, four- and five-bedroom configurations. Shared amenities include a 24-hour fitness center, cyber café, coffee bistro, resort-style pool, grilling area and hammocks. The property was 97 percent leased for the 2024-2025 academic year at the time of sale. Joe Ayers and Cliff Taylor of JLL arranged the disposition on behalf of the seller, Campus Realty Advisors. The buyer and terms of the transaction were not released. The University of West Florida has experienced six consecutive years of enrollment growth, according to JLL, with a record-breaking class of 14,712 students for the 2024-2025 academic year.

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Theory-Ithaca
DevelopmentMultifamilyNew YorkNortheastStudent Housing

Partnership Breaks Ground on 518-Bed Student Housing Project Near Cornell University

by Taylor Williams

ITHACA, N.Y. — A partnership between Atlanta-based developer PeakMade Real Estate, Chicago-based investment firm Blue Vista Capital Management and real estate-focused family office W5 Group has broken ground on a 518-bed student housing project near Cornell University in western New York. Theory Ithaca will be located along Six Mile Creek in the downtown area and will offer studio, one-, two- and three-bedroom floor plans across 371 units. Amenities will include rooftop terraces, study lounges and a fitness center. Kennedy Wilson is financing construction of the project, which is expected to be complete in advance of the 2027 academic year.

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DevelopmentIndianaMidwestMultifamilyStudent Housing

Landmark Properties Breaks Ground on 678-Bed Student Housing Project Adjacent to Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Landmark Properties, in partnership with Manulife Investment Management, has broken ground on The Standard at West Lafayette, a 678-bed student housing project located adjacent to Purdue University in West Lafayette. Peninsula Investments also partnered on the project. Landmark Urban Construction, the in-house general contractor for Landmark Properties, is building the development. The 253-unit community is slated to deliver in time for the 2027 academic year. The Standard at West Lafayette will offer fully furnished residences with floor plans ranging from studios to four-bedroom units. Spanning 18,234 square feet, amenities will include a rooftop clubhouse with an outdoor heated pool and fitness center as well as a fourth-floor amenity level with seating, a gaming lounge and interior courtyard. The property will feature more study spaces than any other student housing community in West Lafayette, according to Landmark. The garage will feature parking for 207 vehicles. BKV Group is the architect. The project marks Landmark’s second student housing development in Indiana, following The Standard at Bloomington, which opened in fall 2023.

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The-Penny-on-College-Main
DevelopmentMultifamilyStudent HousingTexas

Pinecrest Breaks Ground on 605-Bed Student Housing Project Near Texas A&M University

by Taylor Williams

COLLEGE STATION, TEXAS — Pinecrest has broken ground on The Penny on College Main, a 605-bed student housing project that will be located at 415 College Main St. near the Texas A&M University campus in College Station. The property will offer 199 units in studio, one-, two-, three-, four- and five-bedroom configurations with bed-to-bath parity, including townhomes. Shared amenities will include multiple study spaces, a resort-style pool, pickleball court, fitness center, package lockers, an automated market and a pet relief area and washroom. The development team for the project, which is scheduled for completion in summer 2027, includes Rhode Partners, Rycon Construction, Mitchell & Morgan and Rhode Interior Design. CIBC USA and First Bank of Chicago provided construction financing for the development.

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LoansMultifamilyStudent HousingTexas

BWE Arranges $23.5M Acquisition Loan for Student Housing Property Near Texas State University

by Taylor Williams

SAN MARCOS, TEXAS — BWE, a Cleveland-based commercial financial services firm, has arranged a $23.5 million acquisition loan for The Edge, a 553-bed student housing property that serves students at Texas State University in San Marcos. The Edge is located less than a mile from campus and offers one-, two-, three- and four-bedroom floor plans across 173 units. Amenities include a fitness center, clubhouse, study areas and a basketball court. Chris Carroll and Max Miller of BWE arranged the financing through Chicago-based Byline Bank. The borrower, Campus Realty Advisors, plans to use a portion of the proceeds to fund capital improvements.

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DevelopmentFloridaSoutheastStudent Housing

Portman, 908 Group Launch Vertical Construction on 674-Bed Student Housing Development Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture between Portman and 908 Group has launched vertical construction on The Hall, a 674-bed student housing development located directly across from Florida State University’s College of Business in Tallahassee. The community will offer 191 units across two mid-rise buildings. Amenities will include a rooftop pool, fitness center, 7,269 square feet of ground-floor retail space and 452 parking spaces. The development team includes Canyon Partners Real Estate and PTM Partners. The Hall is slated for completion in summer 2026.

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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Investment Break Ground on 702-Bed Student Housing Development Near University of Florida

by John Nelson

GAINESVILLE, FLA. — A joint venture between Gilbane Development Co. and CBRE Investment Management has broken ground on Zaya, a 702-bed student housing development located near the University of Florida campus in Gainesville. The community will offer 352 units with bed-to-bath parity. Shared amenities will include a rooftop deck with a pickleball court, pool, clubhouse and fitness center; study rooms on each floor; a coworking lounge; leasing lobby with a coffee bar; and three courtyards with lawn games, outdoor cooking space and lounges. Site work has commenced for the development with completion scheduled for summer 2027.

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LoansMultifamilyStudent HousingTexas

Seven Hills Realty Provides $18.5M Loan for Refinancing of Student Housing Property Near Baylor University

by Taylor Williams

WACO, TEXAS — Seven Hills Realty Trust (NASDAQ: SEVN), an affiliate of Boston-based investment firm RMR Group, has provided an $18.5 million bridge loan for the refinancing of LL Sams, a 271-bed student housing building that serves students at Baylor University in Waco. The building is adjacent to campus and houses one-, two-, three-, four- and five-bedroom floor plans. Amenities include a pool, fitness studio, resident clubhouse, package lockers and private study pods. JLL arranged the three-year loan on behalf of the borrower, California-based Shore to Shore Properties.

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