Tampa, Fla. — A joint venture partnership between Landmark Properties and Stockbridge has acquired The Retreat at Tampa, a 416-bed student housing community located near the University of South Florida campus in Tampa. The property was developed by Landmark in 2017 and is located across the street from the southern edge of the university’s campus at 11326 N. 46th St. The cottage-style community offers 107 units in two-, three- and four-bedroom configurations. Apartments are fully furnished and feature bed-to-bath parity. Shared amenities include a resort-style swimming pool, sundeck, hammocks, cabanas, an …
Katie Sloan
Aventura, Fla. — Centurion Property Group has appointed Adam Mullen to the position of portfolio manager. In his new role, Mullen will focus on enhancing operational efficiency and driving growth, playing a key role in the Aventura, Florida-based firm’s ongoing success. He previously worked with Asset Living. “We’re thrilled to welcome Adam Mullen to the team and look forward to leveraging his expertise as we continue to grow,” says Aldo Facchi, managing partner at Centurion Property Group.
Berkeley, Calif. — The University of California, Berkeley has completed Anchor House, a 772-bed residence hall for transfer students. The 14-story community spans 450,000 square feet and offers 244 units in studio, two- and four-bedroom configurations. Apartments are fully furnished and offer private bedrooms with built-in desks, full kitchens and in-unit washers and dryers. Shared amenities include a central courtyard with multiple outdoor terraces and balconies; outdoor space for work and gathering; maker space run by the Berkeley Art Studio, which hosts classes for students and the community; a culinary classroom …
Detroit — Corvias Property Management has completed an energy efficiency project at Towers Residential, a 1,000-bed residence hall on the Wayne State University campus in Detroit. The project included the addition of 1,600 LED light fixtures and motion sensors and was primarily funded through a $100,000 rebate from public utility provider DTE Energy. Two other residence halls are also being considered for energy efficiency upgrades on the university’s campus. “Because of this work, we are able to reduce energy consumption, reduce the demand on the grid and provide a better living …
San Diego — The University of California San Diego has completed the Theatre District Living and Learning Neighborhood, a 1.4 million-square-foot development offering 2,000 beds of housing for undergraduate students. The project, which comprises five buildings, was developed on a site formerly occupied by a surface parking lot. Units including 48 beds reserved for resident advisors are offered at below market-rate rents. Shared amenities include a 490-seat auditorium; large community areas, including retail and dining space; a food hall; conference center with four hotel rooms; fitness center; meditation pavilion; tea house; …
Waco, Texas — CBRE has brokered the sale of and acquisition financing for University Edge, a 236-bed student housing community located near the Baylor University campus in Waco. Crescent Sky Capital purchased the property for an undisclosed price from Orion Student Housing, a joint venture between Wills Cos. and WFI. Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE National Student Housing represented the seller in the transaction. Brad Peters and Victoria Langston, also of CBRE, secured financing on behalf of the buyer. The community offers a mix of two-, three- …
Sundt Construction Breaks Ground on Redevelopment of Two Residence Halls at California State University, Fullerton
Fullerton, Calif. — Sundt Construction has broken ground on the redevelopment of two residence halls on the California State University, Fullerton campus. The project will replace the Jewel Plummer and Cobb Residence Halls, which were the first residence halls built on-campus in 1979. The new 175,000-square-foot facility will offer 500 beds in two-bedroom units with bed-to-bath parity for residents; two-bedroom apartments for staff; and one-bedroom units for residence advisors. The project will also include shared amenity space on the ground floor, an updated connection to the university’s arboretum and an 82-space …
Colliers Mortgage Arranges $34.6 Million Acquisition Loan for Student Housing Property Near University of Texas at Tyler
Tyler, Texas — Colliers Mortgage has arranged a $34.6 million acquisition loan for The Foundry, a 675-bed student housing property that serves the University of Texas at Tyler, located about 120 miles east of Dallas. The Foundry is located across the street from campus and offers amenities such as a pool, clubhouse, game room, fitness center, outdoor picnic and grilling areas and a sand volleyball court. Greg Young of Colliers Mortgage originated the debt, which includes proceeds for capital improvements. The borrower and direct lender were not disclosed.
Providence, R.I. — A joint venture between Gilbane Development Co. and CBRE Investment Management has acquired a six-property student housing portfolio totaling 3,000 beds across the U.S. The transaction included the recapitalization of three communities and three “shovel-ready” development projects. The portfolio comprises Bixby on College near Clemson University in South Carolina; undisclosed communities near the University of Illinois and Syracuse University campuses; and three development projects serving students attending the University of Central Florida, University of Florida and University of California, Berkeley. Further details on the transaction, including the identity …
Tuscaloosa, Ala. and Lawrence, Kan. — The Preiss Co. has acquired two student housing communities located in Alabama and Kansas. Acquisitions include The Collective at Lawrence, a 784-bed, cottage-style community located near the University of Kansas in Lawrence; and Riverfront Village, a 440-bed community located near the University of Alabama campus in Tuscaloosa. Formerly known as The Nest, The Collective at Lawrence was built in 2018 and offers 270 units. Shared amenities include a state-of-the-art clubhouse, indoor/outdoor fitness center, swimming pool, hot tub, disc golf course, soccer field and study areas. …