Thursday, April 18, 2024
Read the Digital Editions Subscribe

Alabama

Ascend-Five
AlabamaNewsOperations

Coastal Ridge Awarded Management of 520-Bed Property Near the University of Alabama at Birmingham

by Katie Sloan

Birmingham, Ala. — Coastal Ridge Real Estate has been awarded management of Ascend Five Points South, a 520-bed student housing property located near the University of Alabama at Birmingham. The property was developed by by Opus Development and offers studio to four-bedroom, fully furnished units. Shared amenities at the community include a rooftop swimming pool, 24-hour fitness center, game room, study lounges, outdoor grilling stations, a relaxation room with a sauna and on-site scooter rentals. The property was 92 percent occupied at the time of assignment. 

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaDevelopmentNews

Holder Properties Completes 719-Bed Community Near Auburn University

by Katie Sloan

Auburn, Ala. — Holder Properties has completed 320 West Mag, a 719-bed student housing community located near Auburn University in Alabama. The community offers studio, two-, three-, four- and five-bedroom, fully furnished units with bed-to-bath parity. The property also features ground floor retail space leased to Chick-fil-A, Ross House Coffee, Jamba Juice and Auntie Anne’s. Shared amenities include a swimming pool, multi-level fitness center, three courtyards, a state-of-the-art clubroom, gaming lounge, study rooms and a secured parking deck with bike storage. The project was designed by Niles Bolton & Associates …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ivy-Row-South
AlabamaNewsOperations

Campus Advantage Awarded Management of Cottage-Style Development Near the University of South Alabama

by Katie Sloan

Mobile, Ala. — Campus Advantage has been awarded management of Ivy Row at South, a cottage-style development currently underway near the University of South Alabama campus in Mobile. Upon completion, the property will offer 186 beds in three-, four- and five-bedroom, fully furnished units. Shared amenities will include a swimming pool, courtyard, study lounge with private rooms, a fitness center, clubhouse, game room, dog park, and a pavilion and grilling area. The project is scheduled for completion in fall 2022.  “We are very excited to bring Ivy Row at South …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ready-capital-1
AlabamaFinanceNews

Ready Capital Closes $15 Million Loan for Student Housing Acquisition, Conversion in Birmingham

by Katie Sloan

Birmingham, Ala. — Ready Capital has closed a $15 million loan for the acquisition, conversion, renovation and stabilization of an unnamed, 176-unit student housing property in Birmingham. The undisclosed sponsor plans to transform the property from student housing to traditional multifamily through a rebranding and renovation program. The non-recourse, interest-only, floating-rate loan features a 36-month term, two extension options and is inclusive of a facility to provide future funding for capital expenditures and interest shortfalls.

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaArizonaCaliforniaDevelopmentGeorgiaIllinoisNewsOff-campus

CA Student Living Opens Four Communities Totaling 2,241 Beds

by Katie Sloan

Chicago — CA Student Living has completed four student housing communities totaling 2,241 beds.  Deliveries include HERE Atlanta, a 784-bed property located near the Georgia Institute of Technology in Atlanta; Uncommon Flagstaff, a 587-bed community serving students attending Northern Arizona University in Flagstaff; HERE Tuscaloosa, a 430-bed property located near the University of Alabama campus; and IDENTITY Davis, a 440-bed community serving students attending the University of California, Davis.  HERE Atlanta offers studio through five-bedroom fully furnished units, alongside shared amenities including a study cafe, community kitchen, fitness center, game …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaInvestment SalesNews

Cushman & Wakefield Arranges Sale of 528-Bed Student Housing Community in Birmingham

by Katie Sloan

Birmingham, Ala. — Cushman & Wakefield has arranged the sale of The Alden, a 528-bed student housing community located in Birmingham. Travis Prince, Shawn Lubic, Victoria Marks, Jimmy Adams, Craig Hey and Andrew Brown of Cushman & Wakefield brokered the disposition from Saban to Two Waters Capital Management Saban for an undisclosed price. The property is set to undergo renovations under the new ownership including upgrades to unit interiors, the clubhouse, amenities and other common areas. The community will also be converted from student housing to conventional multifamily units. 

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaInvestment SalesNews

Joint Venture Acquires 440-Bed Community Near the University of Alabama

by Katie Sloan

Tuscaloosa, Ala. — A joint venture between Alex. Brown Realty and Student Quarters has acquired Riverfront Village, a 440-bed student housing property located near the University of Alabama campus in Tuscaloosa. The 192-unit community was built in 2014 and offers a mix of one-, two- and three-bedroom floorplans with bed-to-bath parity. Shared amenities include a resort-style swimming pool, two-story fitness facility, covered garage parking, computer labs and study rooms. ABR Chesapeake Fund VI, a value-add real estate fund sponsored by ABR, invested $7.4 million in the joint venture. Randall Calvert …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaNews

Capstone Establishes Seed Fund to Help Students Afford Higher Education

by Katie Sloan

Birmingham, Ala. — Capstone Development Partners has launched a new corporate program named Stepstone in support of improving access to higher education. An initial investment of $100,000 was seed-funded by principals of Capstone in December 2019 and has been annually augmented through the contribution of a percentage of the Birmingham-based company’s profits. This money will be used to fund scholarships placed with institutions and managed by foundations or college and university administrators to provide housing or tuition assistance to students who have a compelling financial need. The first Stepstone scholarship …

Continue Reading
0 FacebookTwitterLinkedinEmail
Collective-Auburn
AlabamaInvestment SalesNews

Joint Venture Acquires 600-Bed Cottage-Style Community Near Auburn University

by Katie Sloan

Auburn, Ala. — A joint venture between The Preiss Co. and a private equity real estate fund advised by Crow Holdings Capital has acquired a 600-bed, cottage-style student housing community from Aspen Heights.  The community — rebranded The Collective at Auburn — serves students attending Auburn University in Alabama. Capital improvements are planned for the property, including a complete redesign of its clubhouse and amenity areas, new exterior paint, the addition of more in-unit furniture and the installation of LED lighting and water-saving devices.  “Upgrades will be handled in phases …

Continue Reading
0 FacebookTwitterLinkedinEmail
Proxi Lawrence
AlabamaDevelopmentKansasNewsOff-campus

The Opus Group, The McKinney Fund Complete Two Communities in Alabama, Kansas

by Katie Sloan

Birmingham, Ala. and Lawrence, Kan. — A joint venture between The Opus Group and The McKinney Fund has finished the development of two student housing communities located in Alabama and Kansas. Completed projects include Ascend Five Points South, a 520-bed mixed-use development located near the University of Alabama at Birmingham; and Proxi Lawrence, a 330-bed mixed-use development located near the University of Kansas in Lawrence. Both properties offer retail space alongside shared amenities including swimming pools, study rooms, fitness centers and spas. The design team for Ascend Five Points South …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2023 France Publications, dba France Media Inc.