Irvine, Calif. — SmartStop Asset Management, a privately held alternative asset management and real estate investment firm, has changed its name to Strategic Asset Management I (SAM). The company is set to relocate its headquarters to Irvine, California, during the second
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East Greenwich, R.I. — Corvias has named Thelma Edgell senior vice president of property management for the company’s higher education portfolio. In her new role, Edgell will be responsible for ensuring operational, financial and programmatic success for the East Greenwich,
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Houston and Tampa, Fla. — Asset Living has partnered with Trash Butler, a doorstep valet trash and recycling solution, to service its 175,000-unit portfolio. This partnership with Tampa-based Trash Butler will help to keep the company’s communities clean and sanitary
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New York City — ButterflyMX has acquired cloud-based access control company CloudKeyz. The New York City-based company’s acquisition of CloudKeyz will provide existing and future clients with four access control devices. These devices fully integrate with ButterflyMX OS — its online
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Chicago and Oak Brook, Ill. — Core Spaces and Inland Private Capital Corp. (IPC) have formed a joint venture targeting ground-up and substantially complete off-campus student housing opportunities across the U.S. The partnership marks the beginning phase of Oak Brook,
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Chicago — Mark Zikra has joined global advisory firm August Hill as head of innovation. In his new role, Zikra will lead the Chicago-based firm’s innovation services team in delivering best-in-class technology implementation and strategy to its global network of
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Raleigh, N.C. — The Preiss Co. (TPCO) has promoted John Preiss to president. In his new role, Preiss will oversee executive leadership and foster the company’s growth in both the student and conventional multifamily sectors. Since joining the company in
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Denver — Cardinal Group Cos. has recapitalized an eight-property portfolio of student housing communities totaling 5,505 beds. The portfolio consists of mid-rise and garden-style properties located near Tier I universities. Prior to the recapitalization, the portfolio was held in a
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Lafayette, Ind. — Trinitas Ventures has announced several new hires and promotions in preparation for further growth of the company. Brad Bennett has been promoted to the role of executive vice president of development. In his new position, Bennett will
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Austin, Texas — American Campus Communities has reported financial results for the quarter ended March 31. The company reported a net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per
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New York City and Austin, Texas — Blackstone Inc. (NYSE: BX) has agreed to acquire American Campus Communities (NYSE: ACC) in a deal valued at $12.8 billion, including the assumption of debt. ACC is the largest publicly traded owner, manager and developer
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Charleston, S.C. — Armada Hoffler Properties has sold Hoffler Place, a 258-bed community located near the College of Charleston in South Carolina as part of a move to exit the student housing sector. Located at 595 King St., the seven-story
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