BERKELEY, CALIF. — Construction is underway on Pique, a 484-bed student housing project by Gilbane Development located at 2587 Telegraph Ave. near the University of California, Berkeley campus. The developer recently opened a leasing office for the community at 2430 Bancroft Way. The project is scheduled for completion in summer 2026. Pique will offer units in four-, five- and six-bedroom configurations. Shared amenities will include an indoor-outdoor yoga and fitness center with an outdoor sauna; outdoor study spaces; two rooftop decks separated by an indoor-outdoor club room; community terrace space; a ground floor coworking lounge; smart food lockers; and private study rooms on each floor. The community will also feature 2,900 square feet of ground-floor retail space.
Student Housing
TREO Group Receives $132M Financing for Student Housing Community Near University of Miami
by Abby Cox
MIAMI — Affiliates of TREO Group have received $132 million in financing for VOX I and VOX II, a two-building student housing community located at 7025 and 7175 S.W. 59th Ave. near the University of Miami campus. Ocean Bank provided the financing for the 726-bed property. The community offers 262 units in one- through four-bedroom floorplans with bed-to-bath parity. Amenities include two rooftop terraces, swimming pools, five fitness areas, 20 study lounges and an outdoor summer kitchen. The property also features 15,682 square feet of retail space.
MADISON, WIS. — CRG has broken ground on Chapter Mifflin, a six-story, 516-bed student housing community in Madison’s Mifflin District adjacent to the University of Wisconsin-Madison. CRG assembled a 1.5-acre site of 12 contiguous parcels along West Washington Avenue and West Mifflin Street for the project and rezoned them for higher-density residential. Chapter Mifflin will offer 162 fully furnished units. Completion is slated for the 2027-28 academic year, with preleasing expected to commence in summer 2026. Currently home to a mix of single-family residences and duplexes operating as student housing, the project site is a half mile from the Memorial Library and four blocks from the retail and entertainment offerings along the State Street corridor. Chapter Mifflin will offer a range of studio through five-bedroom units. Amenities will include a fitness center, study areas, outdoor courtyards, a fifth-floor terrace and secure parking garage. Lamar Johnson Collaborative, a subsidiary of CRG’s parent company Clayco, designed the project, which will feature a public pedestrian connection. Wisconsin-based CG Schmidt will serve as general contractor. CRG worked with Alder Mike Verveer; Madison’s Department of Planning, Community & Economic Development; Capitol Neighborhoods Inc.; and other local stakeholders on the project.
BRYAN, TEXAS — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has funded the $35 million recapitalization of Camber Villas, a 490-bed student housing community in the Central Texas city of Bryan. The property is located across the street from Blinn College and consists of 22 three-story buildings housing one-, two, three- and four-bedroom units. Amenities include a business center, pool, dog park, coffee bar, fitness centers, sand volleyball courts and an outdoor basketball court. The transaction was originated by David Scheer and Jack Baron of Dwight Capital and arranged by Culby Culbertson of Culbertson Holdings.
Harrison Street, Core Spaces to Break Ground on 1,195-Bed Student Housing Development in Tampa
by John Nelson
TAMPA, FLA. — A joint venture between Harrison Street Asset Management and Core Spaces is set to break ground on Hub Tampa Fowler, a 1,195-bed student housing development located near the University of South Florida campus in Tampa. The community will be located within Rithm, a larger mixed-use development led by RD Management that will include hotels, entertainment and retail space. The project is scheduled for completion in 2027 and will offer units in a wide range of configurations across multiple price points, as well as expansive shared amenity spaces. Further details on the development were not released. QuadReal Property Group provided financing for the project. TSB Capital Advisors consulted on the joint venture and financing for the development. The project will mark the second for Harrison Street and Core Spaces in the Tampa market, following Hub Tampa, which was delivered in 2022.
Walker & Dunlop Negotiates Sale of 452-Bed Student Housing Community Near Auburn University
by John Nelson
AUBURN, ALA. — Walker & Dunlop has negotiated the sale of The French Quarter, a 452-bed student housing community located near Auburn University in Alabama. Built in 1997 and renovated in 2023, the property features New Orleans-inspired architecture and offers 207 units in one-, two-, three- and five-bedroom configurations. Shared amenities include a pool, lounge, student center, café, dog park, community green space and a fitness center. Patrick Chisholm, Brian Malone and William Scott sold the property to Matt Genesio and Collegetown Communities for an undisclosed price. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda and Naomi Bludworth of Walker & Dunlop represented the seller in the transaction. Will Baker, William Shell and Mike Shropshire, also with Walker & Dunlop, arranged acquisition financing on behalf of the buyer. The sales price and loan amount were not disclosed.
Centurion Property Group Acquires 534-Bed Student Housing Community Near West Virginia University
by John Nelson
MORGANTOWN, W.VA. — Centurion Property Group has acquired U Club Sunnyside, a 534-bed student housing community located near the West Virginia University campus in Morgantown. The new ownership plans to rebrand the property as The View at Morgantown and implement capital improvements following the acquisition. The seller and terms of the transaction, which was brokered by JLL, were not released. Developed in 2016, the property offers units in a mix of two- and four-bedroom configurations. Shared amenities include a resort-style pool, hot tub, fitness center, community kitchen, barbecue grills and dedicated study spaces.
Landmark, Manulife Investment Complete 860-Bed Student Housing Development Near Florida State University
by Abby Cox
TALLAHASSEE, FLA. — A joint venture between Landmark Properties and Manulife Investment Management has completed The Mark Tallahassee, an 860-bed student housing development near the Florida State University (FSU) campus in Tallahassee. The development team for the project included Dwell Design and Landmark Construction. Located at 675 W. Lafayette St., the development comprises three mid-rise buildings offering 202 fully furnished units ranging in configurations from studio to six-bedrooms. The property also offers VIP penthouse-style units with upgraded technology and appliance packages, as well as oversized common rooms with pool tables. Amenities include an 8,900-square-foot rooftop clubhouse with a pool and sun shelf overlooking the Doak S. Campbell football stadium; a fitness center with a cold plunge and sauna; 24-hour study lounge; gathering space with a grilling station; fire pits and a Jumbotron; and an additional outdoor fitness center. The Mark Tallahassee was fully leased ahead of FSU’s 2025-2026 academic year.
STORRS, CONN. — A joint venture between Landmark Properties and Manulife Investment Management has opened The Standard at Four Corners, an 890-bed student housing community located near the University of Connecticut campus in Storrs. Designed by Dwell Design, the property offers 392 fully furnished units in studio, one-, two- and three-bedroom configurations with bed-to-bath parity. Shared amenities include an academic lounge, 24-hour study rooms, a fitness center, resort-style pool and spa, jumbotron lawn, outdoor gaming areas, fire pits, grilling stations and a clubroom. The property also features 14,500 square feet of ground-floor retail space.
BEVERLY HILLS, CALIF. AND FORT WASHINGTON, PA. — Kennedy Wilson (NYSE: KW) has agreed to acquire the Toll Brothers Apartment Living platform from the national homebuilder for $347 million. The transaction is expected to close next month and will bring more than $5 billion of assets under management to Kennedy Wilson. The acquisition includes ownership of 18 apartment and student housing properties valued at $2.2 billion, as well as management contracts for an additional 20 properties totaling $3 billion in value. Kennedy Wilson will also take control of — and assume the construction management responsibilities for — 29 development sites worth an estimated $3.6 billion. Kennedy Wilson expects to make an initial investment of approximately $90 million in the acquired interests, which will be funded from existing Kennedy Wilson partners. “This purchase helps create an unparalleled national platform within the rental housing space that totals over 80,000 units we own, finance or manage,” says William McMorrow, chairman and CEO of Kennedy Wilson. As part of the transaction, Kennedy Wilson will acquire the Toll Brothers Apartment Living management team to oversee the existing portfolio, with plans to make offers to all current Toll Brothers’ employees. Meanwhile, Toll Brothers Inc. (NYSE: TOL) …
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