Student Housing

Walk-Shop-Road

COLUMBIA, S.C. — A joint venture between Landmark Properties and Silverpeak Real Estate Partners has acquired a 22.4-acre development site at 1401 Shop Road near the University of South Carolina campus in Columbia. The property will be home to The Walk on Shop Road, an 825-bed student housing community. The development will offer 196 fully furnished townhomes in two- through six-bedroom configurations with bed-to-bath parity. Shared amenities are set to include a resort-style pool, Jumbotron, fitness center, sports simulator, wellness suite, lawn games, cabanas and hammocks, fire pits and grilling areas and shuttle service to campus. The development team for the project — which is scheduled for completion ahead of the 2027-2028 academic year — includes Landmark Construction and Niles Bolton Associates.

FacebookTwitterLinkedinEmail
View-on-10th-Waco

WACO, TEXAS — A partnership between Inland Real Estate Acquisitions LLC and The Scion Group has acquired View on 10th, a 718-bed student housing property located near Baylor University in Waco. View on 10th features 257 units and amenities such as a pool and hot tub, fitness center, business center with private study rooms, clubhouse and lounge and outdoor grilling and dining stations. The partnership acquired the property as part of a larger student housing portfolio deal that included a 622-bed complex in Charlottesville, Va., and a 489-bed property in West Lafayette, Ind. TSB Capital Advisors consulted for the buyers, and TSB Realty represented the undisclosed seller in the portfolio transaction. Walker & Dunlop originated fixed-rate loans for the portfolio through Freddie Mac.

FacebookTwitterLinkedinEmail

TALLAHASSEE, FLA. — A joint venture between BCDC and 908 Group is set to break ground on Chapter House FSU, a 511-bed student housing development located at 601 W. Madison St. and 506 W. Gaines St. near the Florida State University (FSU) campus in Tallahassee. The two-building community will offer 129 units alongside 4,000 square feet of ground floor retail space. The development team for the project includes Humphreys & Partners, Culpepper Construction and Moore Bass Consulting. Asset Living has been tapped to manage the community upon completion. Pacific Life is serving as lender on the project with Marble Capital providing preferred equity. Further details on the community, including a timeline for completion, were not released.

FacebookTwitterLinkedinEmail

BLACKSBURG, VA. — A joint venture between LV Collective and Harrison Street Asset Management is set to break ground on Rambler, an 862-bed student housing development located near the Virginia Tech campus in Blacksburg. The eight-story community will span 577,671 square feet and offer 247 apartments and townhomes in studio, one-, two-, three-, four- and five-bedroom configurations. Shared amenities will include a ground-level coffee shop; coworking space with private study rooms; a multi-sport simulator; clubroom and social lounge; fitness center with a yoga and flex studio; wellness lounge with a sauna and cold plunge; and an outdoor pool deck with a hot tub. Site work began in December with completion scheduled for fall 2028. The development team for the project includes Brinkmann, Niles Bolton, Variant Collaborative, Ironwood and Foresight. DLA Piper provided legal counsel for the development.

FacebookTwitterLinkedinEmail

CHAMPAIGN, ILL. — Marcus & Millichap has arranged the $13.3 million sale of University Commons, a 100-unit student housing property in Champaign. Located at 209 E. University Ave., the building comprises 95 fully furnished units in a variety of floor plans along with five ground-floor retail spaces. Built in 2018, the 68,309-square-foot property spans 2.7 acres and features amenities such as a gym, recreation center and study room. The asset is situated a few blocks from the University of Illinois campus. Sam McCarthy and Scott Harris of Marcus & Millichap represented the seller and procured the buyer, Illini Rental Properties LLC, which plans to complete modest interior and common area upgrades as well as enhancements to the retail portion.

FacebookTwitterLinkedinEmail

WEST LAFAYETTE, IND. — Inland Real Estate Acquisitions LLC and The Scion Group have purchased Fuse, a 489-bed student housing community located directly across the street from Purdue University’s Mackey Arena and Ross-Ade Stadium in West Lafayette. The property at 720 Northwestern Ave. rises five stories with 229 units. Amenities include a clubhouse, game room, yoga and dance studio, terrace and outdoor lounge, a fitness center and business center with private study rooms. The buyers acquired the property as part of a portfolio with two other communities in Waco, Texas, and Charlottesville, Va. Mark Cosenza and David Neboyskey of Inland completed the transaction on behalf of an Inland affiliate. TSB Capital Advisors consulted for the buyers and TSB Realty represented the sellers. Walker & Dunlop arranged fixed-rate loans for the portfolio through Freddie Mac.

FacebookTwitterLinkedinEmail

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

FacebookTwitterLinkedinEmail

ANN ARBOR, MICH. — Landmark Properties and Manulife Investment Management have broken ground on The Metropolitan on South U, a 259-bed student housing community located adjacent to the University of Michigan campus in Ann Arbor. The project marks the sixth in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool. Landmark Construction is building the project, with Myefski Architects as the architect. Peninsula Investments also partnered on the development. Located at 1208 S. University Ave., The Metropolitan on South U will feature fully furnished residences. Amenities will include a clubhouse, fitness center, resort-style pool and rooftop lounge. There will be roughly 5,000 square feet of ground-floor retail space.

FacebookTwitterLinkedinEmail
Deven-Parallel-Waco

WACO, TEXAS — Development Ventures Group, known as Deven Group, and Austin-based owner-operator Parallel will develop a 631-bed student housing project near Baylor University in Waco. The site at the corner of James Avenue and 5th Street will house a seven-story building with 265 units in studio through five-bedroom configurations. Amenities will include a resort-style pool and a sky lounge. The groundbreaking for the project is scheduled for April 2026, with completion planned for summer 2028. Teddy Leatherman of JLL and Ryan Lang of Newmark structured the partnership between the two groups.

FacebookTwitterLinkedinEmail
Mark-Auburn

AUBURN, ALA. — A joint venture between Landmark Properties and Manulife Investment Management has acquired a 3.3-acre development site at 141 Wright St. near Auburn University in Alabama. The partnership will soon break ground on The Mark Auburn, an 825-bed student housing community that is expected for completion in fall 2028. The mid-rise development will offer 329 fully furnished units in studio through five-bedroom floorplans. Amenities will include a clubhouse, rooftop swimming pool, Jumbotron, fitness center, sports simulator, study lounge, café, computer labs and grilling areas and fire pits. The community will also offer 853 parking spaces alongside bicycle/scooter storage. The development team for the project includes Peninsula Investments, BKV Group and Landmark Construction.

FacebookTwitterLinkedinEmail
Newer Posts