Tampa, Fla. — Franklin Street Capital Advisors (FSCA) has closed the $20 million refinancing of Campus Palms Apartments, a 570-bed student housing property in Tampa, near the campus of University of South Florida.
Columbia, S.C. — Holder Properties has topped out the second phase of 650 Lincoln, located on the campus of the University of South Carolina.
Sacramento, Calif. — VerTex Student Housing Partners, a joint venture of Vermilion Development and TEXLA Housing Partners, has acquired The Element, a 288-unit, 792-bed student housing development near Sacramento State University.
Auburn, Ala. — Campus Advantage has acquired Eagles Reserve in Auburn, its 10th and final acquisition under a joint venture with a major state public pension fund.
Indianapolis — Annex Student Living has promoted Rob Martinson to chief investment officer.
San Marcos, Texas — Casey Development has sold Uptown Square Apartments, a 512-bed, luxury student housing apartment community located in San Marcos near the campus of Texas State University.
Philadelphia — Cross Properties is constructing off-campus student housing near Drexel University in Philadelphia that will integrate amenities such as a pop-up restaurant/entrepreneur incubator space, a food lab, cooking classes in the facility’s commercial kitchen and more.
Jacksonville, Fla. — W. P. Carey Inc. and its managed REIT CPA:17 – Global have acquired a 70,000-square-foot, newly constructed student residence hall in Jacksonville, Florida, on the campus of Jacksonville University for approximately $18 million.
Urbana, Ill. — The Wernke Team has arranged the sale of Lincoln Place Apartments, a 60-unit, 155-bed student housing community located in Urbana.
College Station, Texas — Lutz Real Estate Investments (LREI), in a joint venture with Harrison Street Real Estate Capital, has sold University Square and Laurel Ridge Apartments located near Texas A&M University in College Station.