Columbia, S.C. — Inland Real Estate Acquisitions has purchased the Sawyer on Lincoln, a 673-bed student housing community located adjacent to the University of South Carolina campus in Columbia. Inland acquired the newly delivered property on behalf of an affiliate. The seller and sales price were not disclosed. Delivered in 2023, the 277-unit Sawyer on Lincoln features one-, two- and three-bedroom, fully furnished apartments with bed-to-bath parity. Shared amenities include private and group study rooms, a 24-hour fitness center, gated resident parking garage with 525 parking spaces, package locker system for …
Investment Sales
Landmark Properties, Stockbridge Acquire 416-Bed Community Near University of South Florida
Tampa, Fla. — A joint venture partnership between Landmark Properties and Stockbridge has acquired The Retreat at Tampa, a 416-bed student housing community located near the University of South Florida campus in Tampa. The property was developed by Landmark in 2017 and is located across the street from the southern edge of the university’s campus at 11326 N. 46th St. The cottage-style community offers 107 units in two-, three- and four-bedroom configurations. Apartments are fully furnished and feature bed-to-bath parity. Shared amenities include a resort-style swimming pool, sundeck, hammocks, cabanas, an …
Waco, Texas — CBRE has brokered the sale of and acquisition financing for University Edge, a 236-bed student housing community located near the Baylor University campus in Waco. Crescent Sky Capital purchased the property for an undisclosed price from Orion Student Housing, a joint venture between Wills Cos. and WFI. Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE National Student Housing represented the seller in the transaction. Brad Peters and Victoria Langston, also of CBRE, secured financing on behalf of the buyer. The community offers a mix of two-, three- …
Providence, R.I. — A joint venture between Gilbane Development Co. and CBRE Investment Management has acquired a six-property student housing portfolio totaling 3,000 beds across the U.S. The transaction included the recapitalization of three communities and three “shovel-ready” development projects. The portfolio comprises Bixby on College near Clemson University in South Carolina; undisclosed communities near the University of Illinois and Syracuse University campuses; and three development projects serving students attending the University of Central Florida, University of Florida and University of California, Berkeley. Further details on the transaction, including the identity …
Tuscaloosa, Ala. and Lawrence, Kan. — The Preiss Co. has acquired two student housing communities located in Alabama and Kansas. Acquisitions include The Collective at Lawrence, a 784-bed, cottage-style community located near the University of Kansas in Lawrence; and Riverfront Village, a 440-bed community located near the University of Alabama campus in Tuscaloosa. Formerly known as The Nest, The Collective at Lawrence was built in 2018 and offers 270 units. Shared amenities include a state-of-the-art clubhouse, indoor/outdoor fitness center, swimming pool, hot tub, disc golf course, soccer field and study areas. …
Campus Advantage, Tramview Capital Acquire 700-Bed Community Near University of South Carolina
Columbia, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership plans to rebrand the 206-unit property The Radley. The community offers a mix of two- and four-bedroom units alongside shared amenities including a fitness center, swimming pool, outdoor grilling station, tennis courts, basketball and sand volleyball courts, and a resident clubhouse and business center.
Clemson, S.C. — Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was …
Hawkins Way Capital Receives $45 Million Acquisition Financing for Garden Village in Berkeley, California
Berkeley, Calif. — Hawkins Way Capital has received $45 million in acquisition financing for Garden Village, a 225-bed student housing community located near the University of California, Berkeley campus. Brandon Smith, Annie Rice and Gyasi Edmondson of JLL Capital Markets secured the two-year, floating-rate financing through Limekiln Real Estate Investment Management on behalf of the borrower. The community was developed in 2016 and spans 64,301 square feet across 18 buildings. The new ownership plans to rebrand the property FOUND Study Southside Berkeley, and it will be managed by FCL Management. Built …
Harrison Street Sells 8,724-Bed Student Housing Portfolio to Scion Group for $893 Million
Chicago — Investment management firm Harrison Street has sold a student housing portfolio for $893 million. Affiliates of The Scion Group and an institutional investor were the buyers. Totaling 8,724 student housing beds, the portfolio features 14 properties located at 13 universities. Situated across 11 states, the student housing developments serve universities including the University of Arkansas, Texas A&M and the University of Missouri. Chicago-based Harrison Street was founded in 2005 and has invested across the seniors housing, student housing, build-to-rent, healthcare, life sciences and self-storage sectors. The company’s current …
Ann Arbor, Mich. — Colliers has arranged the sale of 426 S. Fourth Ave., a six-unit student housing community located near the University of Michigan campus in Ann Arbor. Ryan Ferris of Colliers represented the undisclosed seller in the disposition of the property to an undisclosed private investor. Terms of the transaction were not released.