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Edge-Donaghey_Conway
ArkansasInvestment SalesNews

Cushman & Wakefield Brokers Sale of 432-Bed Student Housing Property Near University of Central Arkansas

by Katie Sloan

Conway, Ark. — Cushman & Wakefield has brokered the sale of The Edge at Donaghey, a 432-bed student housing community situated adjacent to the University of Central Arkansas. Located at 530 S Donaghey Ave. in Conway, the 120-unit property was built in 2013. Sundance Real Estate purchased the community from an entity doing business as Azalea Holdings II LLC for an undisclosed price. Travis Prince, Victoria Marks and Shawn Lubic of Cushman & Wakefield’s Student Housing Capital Markets team, along with Martin Bynum of the firm’s Sunbelt Multifamily Advisory Group, …

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Tioga-Park
Investment SalesMichiganNews

Triad Real Estate Partners Arranges Sale of 151-Bed Community Near Ferris State University 

by Katie Sloan

Big Rapids, Mich. — Triad Real Estate Partners has arranged the sale of Tioga Park, a 151-bed student housing community located near the Ferris State University campus in Big Rapids. Developed in 2006, the property offers 44 units in two-, three-, four- and five-bedroom configurations. Each unit offers bed-to-bath parity. The property was fully leased at the time sale. Three Nails Capital acquired the community for an undisclosed price and plans to begin significant renovations imminently. The seller was an unnamed local partnership. Shared amenities at the community include a fitness …

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Campus-Lodge-Norman
Investment SalesNewsOklahoma

Marcus & Millichap Brokers Sale of 192-Unit Student Housing Property Near University of Oklahoma

by Katie Sloan

Norman, Okla. — Marcus & Millichap has brokered the sale of Campus Lodge, a 192-unit student housing property located about two miles from the University of Oklahoma campus in Norman. Built in 2004, Campus Lodge comprises 19 buildings that house 768 beds in three- and four-bedroom layouts. Amenities include a swimming pool, sand volleyball court, basketball court, outdoor grilling and dining stations and a coffee bar. Patrick Mullowney and Joel Dumes of Marcus & Millichap represented the seller, The Collier Cos., in the transaction. The duo also procured the buyer, …

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99-Claremont
DevelopmentFinanceInvestment SalesNew YorkNews

Charney Cos., Criterion Real Estate Acquire Student Housing Property in Manhattan

by Katie Sloan

New York City — A joint venture between Charney Cos. and Criterion Real Estate Capital has acquired 99 Claremont Avenue, a seven-story student housing community located in the Morningside Heights neighborhood of Manhattan. The new ownership plans to renovate the 92-year-old building, which rises seven stories. Madison Realty Capital provided a $55 million bridge loan for the acquisition and renovation of the community. 

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The-Parker
ArizonaInvestment SalesNews

CBRE Brokers Sale of 484-Bed Community Near University of Arizona

by Katie Sloan

Tucson, Ariz. — CBRE has brokered the sale of The Parker, a 484-bed student housing community located across the street from the University of Arizona’s Fox School of Music in Tucson. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Jeff Casper of CBRE represented the seller, a partnership between The Dinerstein Cos. and Harrison Street, in the transaction. Mark Cosenza and Brett Smith of Inland Real Estate Acquisitions facilitated the purchase of the property on behalf of an affiliate of the company for an undisclosed price. The community is LEED Silver …

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Haven-Kennesaw
GeorgiaInvestment SalesNews

Cushman & Wakefield Arranges Sale of Cottage-Style Community Near Kennesaw State University

by Katie Sloan

Kennesaw, Ga. — Cushman & Wakefield has arranged the sale of The Haven at Kennesaw, a cottage-style student housing community located near the Kennesaw State University campus in Georgia. Developed in 2018, the property offers 148 beds across 32 units in one-, four- and five-bedroom configurations. Shared amenities include a swimming pool, sundeck and green space. Travis Prince, Victoria Marks, Travis Presnell and Shawn Lubic of Cushman & Wakefield represented the seller, Henssler Capital, LLC, in the transaction. The Preiss Co. acquired the community, which was fully occupied at the …

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The-Aves
FinanceFloridaInvestment SalesNews

Harrison Street Recapitalizes 1,527-Bed Community Near University of Central Florida

by Katie Sloan

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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Salisbury
IndianaInvestment SalesNews

Champion Real Estate Acquires Salisbury Campus Apartments Near Purdue University

by Katie Sloan

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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Lawrence
FeaturesFrom The MagazineInvestment Sales

Strong Rent Growth, Stabilizing Interest Rates Could Mean More Transactions in 2024

by Katie Sloan

Student housing’s strong occupancy rates and rent growth stand out as a bright spot when compared with the rest of commercial real estate sectors, many of which turned in a lackluster performance over the past year. Student housing rental rates at the nation’s top 175 universities increased an average of nearly 8 percent in the 2022-2023 academic year while occupancy in the fall of 2023 was 150 basis points higher than the average occupancy rate over the five preceding falls, according to Berkadia’s 2023 Student Housing Pipeline Report.  Pre-leasing heading …

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William
GeorgiaInvestment SalesNews

University Partners Acquires 370-Bed Community Near the University of Georgia

by Katie Sloan

Athens, Ga. — University Partners has acquired The William, a 370-bed student housing community located pedestrian to the University of Georgia campus in Athens. The property was developed in 2022 and offers studio, one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a rooftop swimming pool, patio and lounge space, fitness center, collaborative study spaces and a private outdoor courtyard. Ryan Lang, Jack Brett, Ben Harkrider, Ben Roelke, Trent Houchin and Ian Walker of Newmark arranged both the sale and financing on behalf of University Partners. The …

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