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Student Housing

DevelopmentMidwestMultifamilyStudent HousingWisconsin

Joint Venture Breaks Ground on 717-Bed Student Housing Development Near University of Wisconsin-Madison

by Kristin Harlow

MADISON, WIS.— A joint venture between Mortenson Development, Northwestern Mutual Real Estate and PeakMade Real Estate has broken ground on Theory Madison, a 717-bed student housing development located near the University of Wisconsin-Madison campus. The 12-story tower will offer 213 units in a variety of configurations. Shared amenities will include rooftop decks, a 24-hour fitness center, study rooms, a podcast room, pet spa and clubroom. The community is being developed through a public-private partnership with the city of Madison and will offer affordably priced units in collaboration with the University of Wisconsin’s department of financial aid. The property is targeting LEED Silver certification and is expected for completion in fall 2026. 

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DevelopmentMassachusettsMultifamilyNortheastStudent Housing

Shawmut Design and Construction Tops Out 276-Unit Student Housing Project in Boston

by Taylor Williams

BOSTON — Shawmut Design and Construction has topped out 100 South Campus Drive, a 276-unit student housing project that is located in the Allston area of Boston but will serve graduate students, faculty and staff at Harvard University, which is located across the Charles River in Cambridge. Designed by Marvel Architects, the project is part of a larger transformation of 175 N. Harvard St., the thoroughfare that connects Allston and Cambridge, and which includes the new home for the American Repertory Theater. The number of beds was not disclosed. Completion is slated for 2026.

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DevelopmentFeaturesGeorgiaSoutheastStudent Housing

Student Housing Interior Designers, Developers Weigh In on What’s Hot and What’s Not

by John Nelson

As the student housing sector readies for a new generation of students to enter campuses — Generation Alpha — a few of the ‘tried and true’ amenity spaces that were hot with millennials or Gen Z have fallen by the wayside. Golf simulators, movie theaters and bohemian styling with baskets and lots of greenery are just a few of the once popular design choices that are now on the outs, according to Lucy Harrison, brand marketing manager with SouthPark Interiors.   Gone, too, are the days of designing one ‘Instagramable’ moment for your building and calling it a day, says Chelsea Kloss, executive vice president of design and curation with LV Collective. “Students want to live in a building that is beautiful and inspiring from all angles — not just with one space built for ‘the gram,’” she says. “They want not only to capture more organic content to share, but to experience it real-time. As designers, that challenges us to push the envelope on experiential design and the importance of finishing all aspects of a built environment.” Students’ desires for their fitness and wellness spaces have also seen a shift over the past few years, according to Kloss. “Designing …

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Pique-Student-Apts-Berkeley-CA
CaliforniaDevelopmentMultifamilyStudent HousingWestern

Gilbane Begins Development of 485-Bed Student Housing Community Near UC Berkeley

by Amy Works

BERKELEY, CALIF. — Gilbane Development Co. has broken ground on Pique, a 485-bed student housing project located at 2587 Telegraph Ave. near the University of California (UC) Berkeley campus. The eight-story community will offer 52 units with bed-to-bath parity. Shared amenities will include an indoor and outdoor fitness center and yoga studio, outdoor study space, a cabana area, two rooftop decks, a coworking lounge, smart food lockers, private study pods and 2,900 square feet of ground-floor retail space. The project will begin leasing in fall 2025 with occupancy scheduled for summer 2026. The development site was formerly occupied by retailer Buffalo Exchange. “We are focused on making every inch count with efficiency, privacy and functionality at the core of the design, driving innovation that caters to the needs of Berkeley students at an affordable price point,” says Christian Cerria, development director with Gilbane.

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Conference CoverageFeaturesNorth CarolinaSoutheastSoutheast Feature ArchiveStudent Housing

InterFace Panel: Slow and Steady Wins the Race for Student Housing Preleasing, Rent Growth in 2025

by John Nelson

CHARLOTTE, N.C. — As the clock struck midnight on New Year’s Eve, the 2025-2026 academic year moved further into focus. What can the industry expect to see this year from a preleasing perspective? Are rents expected to keep growing? And by how much? All of these questions and more were discussed during a kick-off panel at the 2024 LeaseCon/TurnCon conference by InterFace Conference Group, which took place this past December in Charlotte. As of Dec. 3, student housing properties across the country were 36.6 percent preleased on average — a 1.3 percent decline from rates seen at the same time in 2023, according to moderator Charlie Matthews, founder and CEO of data provider College House.  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. Of markets across the United States, the Southeast led the way with the highest preleasing percentage at 43.5 percent. Asking rents have congruently grown by 4.9 percent across the country as of early December, according to Matthews, with average rents at $990. Leading the way in rent growth for the 2025-2026 academic year …

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AcquisitionsGeorgiaSoutheastStudent Housing

JLL Negotiates Sale of 656-Bed Student Housing Community Near Kennesaw State University

by John Nelson

KENNESAW, GA. — JLL has negotiated the sale of Bixby Kennesaw, a 656-bed student housing community located near the Kennesaw State University campus in metro Atlanta. Completed in 2020, the property offers 179 units in a mix of studio through five-bedroom configurations. Shared amenities include a rooftop sky deck overlooking the university’s football stadium, resort-style swimming pool, fitness center and multiple study spaces. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller, Alden Street Capital, in the disposition. The buyer and terms of the transaction were not released. 

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LoansSoutheastStudent HousingTennessee

BWE Secures $47M Refinancing for Student Housing Property Near University of Tennessee

by John Nelson

KNOXVILLE, TENN. — BWE has secured a $47 million loan for the refinancing of Lakemoor Station, a 240-unit student housing community located near the University of Tennessee campus in Knoxville. Jim Collins of BWE worked on behalf of the borrower, Dominion Group, to secure the 10-year, fixed-term financing through Nationwide Insurance. The loan features a 30-year amortization schedule. The University of Tennessee has master leased the property for five years with a three-year renewal option. The garden-style community offers fully furnished units alongside shared amenities including an outdoor pool, lounge area, fitness center and clubhouse.

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AcquisitionsIllinoisMidwestMultifamilyStudent Housing

JLL Arranges Sale of 524-Bed Student Housing Community Near University of Illinois Urbana-Champaign

by Kristin Harlow

URBANA, ILL. — JLL Capital Markets has arranged the sale and financing of Campus Circle, a 524-bed student housing community in Urbana near the University of Illinois Urbana-Champaign. Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller, an affiliate of Blue Vista Capital Management LLC. Jake Wisness, Dan Kearns, Mike Brady, Sam Tarter and Bill Maloney of JLL originated a five-year, fixed-rate acquisition loan through Freddie Mac on behalf of the buyer, Horizon Realty Advisors. Campus Circle, located at 1010 W. University Ave., is within walking distance of the College of Engineering and the university’s Main Quad.

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AcquisitionsColoradoDevelopmentMultifamilyStudent HousingWestern

Joint Venture Buys Development Site for 397-Bed Student Housing Community Near Colorado State University

by Amy Works

FORT COLLINS, COLO. — A joint venture between Landmark Properties, Silverpeak Real Estate Partners and Peninsula Investments has acquired a development site at 255 Johnson Drive in Fort Collins for the construction of a 397-bed student housing community. Dubbed The Mark Fort Collins, the property will offer 193 units in a mix of studio through four-bedroom configurations for students attending Colorado State University. The six-story development will offer shared amenities including a clubhouse, fitness center, resort-style swimming pool, ski storage, pet spa, individual and group study areas, and rooftop courtyards with grilling stations. Construction on the project is set to begin this month with completion slated for fall 2026. The development team includes Mode 3 Architecture and the company’s in-house construction arm, Landmark Construction. TSB Capital Advisors coordinated financing for the project.

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AcquisitionsMultifamilyStudent HousingTexasTop Stories

Palladius Capital Management Acquires Multifamily, Student Housing Portfolio for $579M

by John Nelson

AUSTIN, TEXAS — Palladius Capital Management, an Austin-based investment management firm, has purchased a portfolio of nine multifamily and student housing communities. Palladius acquired the portfolio, which comprises five multifamily communities and four student housing properties, for $579 million. The names and locations of the nine properties were not released, but the communities total more than 2,500 apartments and student housing units and are located in high-growth markets and near universities with high application/enrollment growth. The seller was also not disclosed. Palladius acquired the portfolio on behalf of a recently closed, Palladius-sponsored private investment fund that raised approximately $112 million in equity, primarily via private wealth sources. “The successful deployment of this fund speaks to our team’s ability to invest throughout various macroeconomic environments,” says Marko Velazquez, senior managing director of Palladius. Palladius, through its affiliates, manages and operates approximately $950 million of real estate properties across the country. The firm was launched in July 2021 and primarily acquires value-add and core multifamily, student housing and hospitality properties. The company also originates debt investments and acquires whole loans through its privately held REIT, Palladius Income Fund. — John Nelson

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