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Ryder-Olive
CaliforniaDevelopmentNewsOff-campus

HighBridge Properties Opens 706-Bed Community Near the University of California, Davis

by Katie Sloan

Davis, Calif. — HighBridge Properties has opened The Ryder on Olive, a 706-bed community located near the University of California, Davis. The 260,000-square-foot, LEED Gold certified property offers a mix of two-, three-, four- and five-bedroom, fully-furnished units. Shared amenities include a fitness center, yoga room, study areas, game rooms, a swimming pool, karaoke room, dog park and a 24-hour micro-market offering food and drinks. The project’s development team included partner Grand Peaks Development; general contractor Brown Construction; Humphreys & Partners Architects; and SouthPark Interiors. Asset Living manages the community.

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Hub-On-Campus
CaliforniaDevelopmentFinanceNews

Core Spaces Receives Construction Financing for 577-Bed Community Near the University of Southern California

by Katie Sloan

Los Angeles — Core Spaces has received construction financing for Hub on Campus II, a 577-bed student housing development located near the University of Southern California (USC) in Los Angeles. TSB Capital Advisors secured the loan through Square Mile Capital and PacWest Bank on behalf of the borrower. Details of the financing were undisclosed. The project is scheduled for completion by fall 2023. “We are very excited to begin a new relationship with the Square Mile and PacWest teams and grow our longstanding partnership with TSB Capital Advisors,” says Marc …

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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 …

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CaliforniaFinanceNewsOn-campus

State of California Budgets $500 Million for Affordable Student Housing

by Katie Sloan

Last week, California lawmakers approved a housing program that would provide $500 million of the state’s budget to public colleges and universities for the development or renovation of affordable housing for students. The program is awaiting Governor Gavin Newsom’s signature, and would include:  A grant process that colleges apply for, committing 50 percent of funding to community colleges, 30 percent to California State University and 20 percent to the University of California; and capping rents for low-income students at a low percentage of what the median income is in each …

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Orsak
CaliforniaCompany NewsNews

Nimes Real Estate Hires Michael Orsak as Managing Director of Real Estate

by Katie Sloan

Beverly Hills, Calif. — Nimes Real Estate has hired Michael Orsak as managing director of real estate.  In his new role, Orsak will serve as a real estate investment adviser, helping the company to grow its real estate platform through acquisition, asset management and disposition. Orsak most recently served as senior vice president of investments at Campus Advantage.  “Expanding on my 20+ years in the student housing space with over $2.8 billion in transactional experience, I will lead the charge of real estate investment and asset management with a focus …

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Bridgeview-Village_Charleston
CaliforniaCompany NewsMarylandNews

Walker & Dunlop Bolsters Affordable Housing Business with $696 Million Acquisition of Alliant Capital, Affiliates

by Katie Sloan

Bethesda, Md. and Woodland Hills, Calif. — Walker & Dunlop (NYSE: WD) has entered into a definitive agreement to acquire Alliant Capital Ltd., a privately held affordable housing asset management firm based in Woodland Hills. Under the terms of the purchase agreement, Walker & Dunlop will acquire Alliant and its affiliates, Alliant Strategic Investments and ADC Communities, at a total value of $696 million. Alliant is the sixth-largest syndicator of low-income housing tax credits (LIHTC) in the United States and has participated in the development of over 100,000 affordable units serving …

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CaliforniaDevelopmentNewsOn-campus

Sacramento State University, Greystar Open 1,100-Bed Residence Hall

by Katie Sloan

Sacramento, Calif. — A public-private partnership between Sacramento State University and Greystar has opened Hornet Commons, a 1,100-bed residence hall on the university’s campus in Sacramento. The community offers apartment-style, fully furnished units for upper-division and graduate students. Shared amenities include a swimming pool, fitness center, volleyball and bocce ball courts, retail space leased to Einstein Bros. Bagels, fire pits, a clubhouse and yoga lawn. “We are excited to welcome Sacramento State’s students to Hornet Commons,” says Julie Skolnicki, senior managing director of Greystar university partnerships. “This project was conceived …

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CaliforniaCompany NewsNews

Greystar Launches Scholarship Program with Sacramento State University

by Katie Sloan

Sacramento, Calif. — Greystar Real Estate Partners has launched the Hornet Helping Hands Scholarship at Sacramento State University, a need-based student housing scholarship for its Hornet Commons project opening this fall. With an initial investment of $150,000 seed funded by Greystar and sponsors, the scholarship will provide full housing to underrepresented and economically disadvantaged students each year. “Studies prove that living on-campus supports student success in higher education, and we know that housing and non-academic costs remain one of the largest obstacles for students seeking higher education,” says Julie Skolnicki, …

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Dustin-Young
CaliforniaCompany NewsNews

MJW Investments Hires Dustin Young as Vice President of Asset Management

by Katie Sloan

Santa Monica, Calif. — MJW Investments has hired Dustin Young as Vice President of Asset Management. In his new role, Young will lead the Santa Monica, California-based company’s asset management initiatives, maximizing operational and financial performance while driving NOI and value within MJW’s portfolio. Prior to joining the company, Young served as a director at Cityview where he was integral to the management of the company’s 5,000-unit, $2 billion portfolio. 

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CIANCIOLO
CaliforniaCompany NewsNews

Tony Cianciolo Joins MJW Investments as Head of Acquisitions

by Katie Sloan

Santa Monica, Calif. — MJW Investments has hired Tony Cianciolo as head of acquisitions. In his new position, Cianciolo will lead the Santa Monica-based company’s direct investments platform and source investment opportunities throughout the U.S., primarily in the conventional multifamily space. Prior to joining MJW, Cianciolo served as the director of acquisitions at Hamilton Zanze. “Tony is a superstar,” says Mark Weinstein, president and founder of MJW. “His work ethic, relationships and strategic approach are world class. We are looking forward to great things.”

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