Student Housing

Vandal-Village-Moscow-ID

MOSCOW, IDAHO — A partnership between Gilbane Development Co., Rocky Mountain Cos. and the University of Idaho has completed Vandal Village, a 451-bed development for graduate students and students with families on the institution’s campus in Moscow. Located at 1010 Deakin Ave., the 200,000-square-foot community offers 240 fully furnished units in two- through four-bedroom configurations. Of the property’s 451 beds, 232 are designated for graduate students and 219 for married and parenting students. The community also offers shared amenity spaces for studying, collaboration and social engagement. The development team for the project included Lydig, Integrus and Design Collective. The project is part of a larger $135 million renovation and redevelopment of South Hill and Elmwood Apartments, the Wallace Residential Center and the Theophilus Residence Building on the University of Idaho campus.

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PITTSBURGH — Affinius Capital has provided a $100.3 million construction loan for Atmosphere Pittsburgh, a 672-bed student housing project that will be located near the University of Pittsburgh campus in the city’s Oakland neighborhood. The borrower is a joint venture between Starwood Capital Group and Trinitas Ventures. Atmosphere Pittsburgh will rise 10 stories and offer 326 fully furnished units, 34 of which will be designated as affordable housing. Shared amenities will include a rooftop fitness center and hot tub, game room, TV and computer lounges and private study spaces. Dwell Design Studio is the project architect. Completion is slated for summer 2028.

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ACC-UC-Irvine-CA

IRVINE, CALIF. — American Campus Communities (ACC) has closed on $191 million in financing for a 1,065-bed student housing development on the University of California, Irvine (UC Irvine) campus. The project is being developed in partnership with the Collegiate Housing Foundation, which will serve as the community’s owner, borrower and lessee. The development is scheduled for completion in fall 2028 and will span 387,000 square feet across two buildings. The community will offer 308 fully furnished units in studio through four-bedroom configurations designed to target undergraduate students. Shared amenities are set to include dedicated study areas, indoor social lounges, furnished outdoor courtyards, bicycle storage and laundry facilities. The development team for the project, which is targeting LEED Gold certification, includes KTGY and Benchmark. The partnership between ACC and UC Irvine spans 25 years and will include the delivery of 8,700 beds upon completion. 

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STARKVILLE, MISS. — A joint venture between an affiliate of Monument Square Investment Group and funds managed by an undisclosed investment management firm has purchased The Social Block and Townhomes, a 962-bed student housing community located near the Mississippi State University campus in Starkville. The property offers 385 units in two- and four-bedroom apartment and townhome configurations. Shared amenities include a resort-style pool, 24-hour fitness center, business lounge, green space and grilling stations. The seller and terms of the transaction were not released.

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81-East-Third-Street-Manhattan

NEW YORK CITY — A partnership between California-based private equity firm Hawkins Way Capital and global investment firm Värde Partners has acquired a student housing property in Manhattan’s East Village for $28 million. According to StreetEasy, the building at 81 E. Third St. was built in 2003, rises 13 stories and features 45 units. Information on floor plans and amenities was not disclosed. The partnership acquired the building, which can also support traditional multifamily usage, in an off-market transaction. The seller was not disclosed.

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2372-Ellsworth-St-Berkeley-CA.jpg

BERKELEY, CALIF. — Northmarq has arranged $24 million in construction financing for the development of 2372 Ellsworth Street, a 166-bed student housing community located at the corner of Ellsworth Street and Channing Way near the University of California, Berkeley campus. Briana DeHaan and Brandy Buttram of Northmarq secured the financing on behalf of an undisclosed borrower. The community will offer 49 units upon completion. Further details on the project were not announced. 

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5077-College-Ave-San-Diego-CA

SAN DIEGO — A joint venture between Akara Partners and Development Ventures (DEVEN) Group is set to break ground on a 305-bed, transit-oriented development located at 5077 College Ave. near the San Diego State University campus in California. The eight-story community will span 98,500 square feet and offer 110 units. The project is scheduled for completion ahead of the 2028-2029 academic year. The partnership was facilitated by JLL Capital Markets.

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LEXINGTON, KY. — Article Student Living has acquired Signature Apartments, a 280-bed student housing community located near the University of Kentucky campus in Lexington. The property was delivered in 2024 and offers units in one-, two- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour fitness center, coffee bar, outdoor terrace and kitchen, clubhouse and group study rooms. The seller and terms of the transaction were not released.

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Aspire-Reserve-College-Station

COLLEGE STATION, TEXAS — A joint venture between The Dinerstein Cos., Up Campus Student Living and Harrison Street Asset Management has completed Aspire Reserve, an 873-bed student housing project located near the Texas A&M University campus in College Station. Situated within the Northgate District the 19-story building houses studio through six-bedroom units that range in size from 400 to 1,900 square feet. Amenities include two pools, study and collaboration spaces, a golf and gaming simulator, resident game lounges, a beauty bar, a retail market and an indoor/outdoor fitness and wellness center with yoga and spin studios.

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The-Wyatt-Lubbock

LUBBOCK, TEXAS — Houston-based developer McGrath Real Estate has completed the lease-up of The Wyatt, a 736-bed student housing project near Texas Tech University in Lubbock. The Wyatt, which is 100 percent occupied, offers one- through five-bedroom units that range in size from 570 to 2,041 square feet. Amenities include a pool, pickleball courts, an outdoor amphitheater, business center, fitness center, coworking space and pet-friendly facilities, as well as shuttle service to campus.

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