Investment Sales

Social-28

Gainesville, Fla. — CBRE has brokered the sale of Social 28, a 592-bed student housing property located across the street from the University of Florida campus in Gainesville. Nimes Real Estate acquired the community and has partnered with Timberline Real Estate Ventures to begin repositioning efforts. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the undisclosed seller in the transaction, in partnership with CBRE Jacksonville Multifamily. Located at 311 SW 13th St., Social 28 offers fully furnished units. Shared amenities include a fitness center with a …

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Foundry

Ames, Iowa — ARTISAN Capital Group has acquired The Foundry, a 144-bed student housing community located near the Iowa State University campus in Ames. The community offers 53 units alongside shared amenities including a 24-hour fitness center, coffee bar, resident lounge, study and game rooms, bike storage and an underground parking garage. The property also features retail space leased to Starbucks Coffee, Potbelly Sandwich Shop and a campus apparel store. ARTISAN has tapped Haverkamp Properties to operate the community. The property was acquired from an undisclosed buyer and included the …

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Grindstone-Canyon

Columbia, Mo. — A joint venture between Centurion Property Group and Ideas en Desarrollo (IDE) has acquired Grindstone Canyon, a 384-bed student housing community located near the University of Missouri campus in Columbia. Developed in 2003, the property offers a mix of one-, two- and three-bedroom fully furnished units. Shared amenities include a swimming pool, study lounge and fitness center. The new ownership plans to implement capital improvements, details of which were not disclosed. The acquisition of the property from an undisclosed seller was brokered by CBRE. 

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Midtown-Stillwater

Stillwater, Okla. — The Cardinal Group has acquired Midtown Stillwater, an 823-bed student housing community located near the Oklahoma State University campus in Stillwater. Built in 2017, the property offers 221 units in one-, two- , three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a rooftop state-of-the-art fitness center; swimming pool and sundeck with a view of campus; large study center; private meeting rooms; grilling stations; and an outdoor volleyball court. Sean Baird, Jonathan Holt, Logan Weaver, Grant Kollman and Charlie LaBarr of Colliers brokered the acquisition of …

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Grayson-Cottages

Columbia, Mo. — Centurion Property Group has acquired Grayson Cottages, a 513-bed student housing community located near the University of Missouri campus in Columbia. Built in 2007, the property offers a mix of two-, three- and four-bedroom units. Shared amenities include a swimming pool, study center, fitness facility and sand volleyball court. The acquisition of the property was brokered by CBRE. The seller and terms of the transaction were not disclosed. 

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Oso-Verde

Waco, Texas — JLL has brokered the sale of Oso Verde, a 297-bed student housing property located near the Baylor University campus in Waco. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL worked on behalf of the seller, Bullseye Development, and the buyer, Versity Invest, in the transaction. Oso Verde offers 103 fully furnished units in one-, two-, four- and five-bedroom configurations. Units feature bed-to-bath parity and patios and balconies. Shared amenities include shuttle service to campus; a resort-style swimming pool with a lounge deck; fitness center; volleyball and …

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Texan-26

Austin, Texas — The Bascom Group has acquired Texan 26, a 204-bed student housing community located near the University of Texas at Austin. Built in 2014, the property offers 53 units in two-, three-, four-, five-, six- and seven-bedroom configurations. Tyler Marshall and Richard Waterhouse with Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. Trent Houchin, Ben Roelke and Ian Walker of Newmark secured financing for the acquisition through Bridge Investment Group. Asset Living has been tapped to manage the community.

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Cottages-UWG

Carrolton, Ga. — Matthews Real Estate Investment Services has brokered the $5.9 million sale of The Cottages UWG, a 26-unit student housing community located at 324 Brumbelow Road near the University of West Georgia campus in Carrolton. Developed in 2013, the property spans 37,760 square feet and was 98 percent leased at the time of sale. Austin Graham of Matthews represented the undisclosed seller in the transaction. The buyer, a Florida-based investor, has development rights to add 42 beds to the property.

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EPOCH Clemson

Clemson, S.C. — Harrison Street has sold Epoch Clemson, a 994-bed student housing community located near the Clemson University campus in South Carolina. The property offers a mix of cottage, townhome and apartment units in one-, two-, three-, four- and six-bedroom configurations. Shared amenities include sand volleyball and basketball courts, an on-site cafe, group and private study areas, a 24-hour fitness center, yoga room, dog park and resort-style swimming pool. The community also features 3,600 feet of frontage along Lake Hartwell, with amenities including a private beach, boat docks and …

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The-NEXT-Pensacola

Pensacola, Fla. — A joint venture between Harrison Street and The Michaels Organization has sold The Next, a 551-bed student housing community located near the University of West Florida campus in Pensacola. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the seller, in partnership with CBRE Jacksonville Multifamily’s Ryan Hixon. WFI acquired the property for an undisclosed price. The Next offers fully furnished units with bed-to-bath parity. Shared amenities include a clubhouse, game room, computer center, tanning station, resort-style swimming pool, fitness center and study rooms …

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