Author

Katie Sloan

UT-RISE

Knoxville, Tenn. — A public-private partnership between the University of Tennessee and RISE: A Real Estate Co. has broken ground on two residence halls expected to open on the university’s Knoxville campus in fall 2025. The two communities will add approximately 1,950 beds to the university’s housing inventory, which currently totals 8,500 beds. The first development will be located at the intersection of Andy Holt Avenue and 20th Street and will offer 788 beds throughout a seven-story building. The second, two-building residence hall will offer 1,166 beds between Caledonia and …

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Theory-Gainesville

Gainesville, Fla. — A joint venture between PeakMade Real Estate and Blue Vista Capital Management has opened the second phase of Theory Gainesville, a student housing development near the University of Florida campus in Gainesville. The 532-bed first phase of the project opened in August 2023. Phase II adds 329 beds to the property, bringing the development to a total of 298 units and 861 beds. The community offers studio through five-bedroom fully furnished apartments and townhomes. Shared amenities a rooftop state-of-the-art fitness center, swimming pool and outdoor jumbotron theater; …

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The-Aves

Orlando, Fla. — Harrison Street has recapitalized The Aves at Twelve 100, a student housing community located adjacent to the University of Central Florida campus in Orlando. The transaction was executed via a new joint venture with The Scion Group. The property was originally acquired by Harrison Street in 2011 and recently underwent extensive renovations. The community offers one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include four resort-style swimming pools; a 24-hour fitness center and yoga studio; private study rooms; a business center; community …

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LeaseCon

To centralize or not to centralize? This is one of the hot questions in the industry today as more companies are making the move to centralize leasing and operations efforts. But what does it look like in reality? And is it the right move for your company?  A number of industry professionals weighed in on the topic at Student Housing Business’ fifth annual LeaseCon/TurnCon conference, which took place December 4-5, 2023 in Charlotte, North Carolina.  The panel discussion included Kendra Woodley, director of sales with The Scion Group; Phil Ginsburg, …

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Syracuse

Syracuse, N.Y. — Syracuse University has announced plans to develop two new residence halls after a comprehensive three-year housing review. The first community will be developed at 700 Ostrom Ave. and will offer 450 beds upon completion. An undisclosed architect has been selected for the project with construction expected to begin this year. Further details on the development were not disclosed. The university congruently announced plans to demolish Marion Hall, Kimmel Hall and an existing dining enter on the corner of Comstock and Waverly avenues to make way for a …

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Astro-Apartments

Albany, N.Y. — KeyBank Real Estate Capital (KBREC) has secured an $11.1 million refinancing for Astro Apartments, a student housing community located near the State University of New York (SUNY) Albany campus on Washington Avenue. The garden-style property offers fully furnished units in studio, one- and two-bedroom configurations. Built in 1998, the complex is situated on 2.4 acres and is composed of two three-story buildings. Dirk Falardeau and Mark Flanders of KBREC’s commercial mortgage group structured the Freddie Mac, fixed-rate financing. The borrower in the transaction was not disclosed. 

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Dena-Costello

Sugar Land, Texas — Cobblestone Development & Consulting has hired Dena Costello as chief operating officer. Costello will also act as president of the Sugar Land, Texas-based company’s asset management and operating platforms, Cobb Asset Solutions and Cobb Campus. In her new role, Costello will spearhead the firm’s portfolio growth and optimize business performance. Prior to joining Cobblestone, Costello held key positions at Campus Advantage and Yugo. “Dena’s appointment marks a pivotal moment for Cobblestone Development as we continue to redefine the real estate landscape with innovative solutions,” says CEO …

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ReflectionStudentGeorgiaTech

From a leasing perspective, the numbers are almost too good to be true. Pre-leasing levels for the upcoming academic year are off the charts — a statement which feels almost saccharine given the past several years have also topped the charts. And to add even further sweetness,  occupancy rates in general are peaking and rental rates are growing across most markets, with some hitting double digit growth — a feat in the current economic environment.  And as if it couldn’t get better, properties are leasing up earlier than ever. “The …

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UCSB-San-Benito

Santa Barbara, Calif. — The University of California (UC) Santa Barbara has announced plans to develop new residence halls offering a total of 3,500 beds through 2029. The first phase of the two-part project will include a 2,250-bed development dubbed San Benito. The project will be developed on a five-acre site between Mesa Road and Stadium Road, which formerly housed offices for the university’s facilities management, transportation and parking services. The community will include a number of multi-story buildings offering mostly four-bedroom apartments with a mix of some single- and …

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Salisbury

West Lafayette, Ind. — Champion Real Estate Co. has acquired Salisbury Campus Apartments, a student housing community located near the Purdue University campus in West Lafayette. The property spans five buildings located at 300, 310 and 318 Salisbury St. and 229 and 235 Littleton St. The community offers 290 beds across 85 units and will be rebranded Victory on Salisbury. Purdue currently occupies the property under a master lease, which expires in 2025. Upon expiration, Champion Salisbury, a subsidiary of Champion, will begin renovations to the community. Scott Clifton of …

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