Investment Sales

CBRE Investment Fund, GMH Acquire 734-Bed Community Near University of South Florida

by Katie Sloan October 27, 2023

Tampa, Fla. — A joint venture between the CBRE Strategic Partners U.S. Value 9 fund and GMH Communities has acquired Venue at North Campus in Tampa. The mid-rise student housing property is located adjacent to the University of South Florida campus at 13702 42nd St. Venue at North Campus offers 734 beds in studio, two-, four- and five-bedroom units. Shared amenities resort-style swimming pools, state-of-the-art fitness centers, grilling stations, a study room and internet cafe, volleyball court, convenience store and 704 parking spaces.

October 27, 2023

Investment Sales News Pennsylvania

Pierce Education Properties Acquires Two Communities Near Penn State

by Katie Sloan October 26, 2023

State College, Pa. — Pierce Education Properties has acquired two student housing communities located near the Pennsylvania State University campus in State College. Acquisitions include The Bryn and Tremont Student Living. Constructed in 1995, The Bryn is composed of 11 buildings offering 684 beds in two-, three- and four-bedroom units. Tremont was developed in 1996 and is composed of 17 buildings. The property offers 696 beds in two- and four-bedroom units. Both properties offer bed-to-bath parity and shared amenities including swimming pools with sun decks, hot tubs, study rooms, fitness …

October 26, 2023

Features From The Magazine Investment Sales

Investors, Brokers Forecast Uptick in Transaction Volume in Q4 Despite Headwinds

by Katie Sloan October 25, 2023

It’s no secret that the investment sales market has been sluggish this year. But while sales volume is unquestionably slower, investors are still finding stabilized opportunities that are poised to deliver outsized yields in the near term, according to Timothy Bradley, founder of TSB Capital Advisors and principal with TSB Realty. Most of the properties that are transacting can be found in Power Five university markets, or those that exhibit similar supply and demand metrics, notes Bradley. And the investors making these deals pencil tend to be experienced in the …

October 25, 2023

Georgia Investment Sales News

CBRE Brokers Sale of 876-Bed Community Near the University of Georgia

by Katie Sloan October 23, 2023

Athens, Ga. — CBRE has brokered the sale of The Connection at Athens, an 876-bed student housing community located near the University of Georgia campus in Athens. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the sellers, Pierce Education Properties and Nuveen Real Estate, in partnership with CBRE Pittsburg Multifamily’s Laura Lawrence and Melissa Maggi. Priderock Capital Partners acquired the community for an undisclosed price. The Connection at Athens offers shared amenities including a resort-style pool pavilion with four pools, clubhouse, private study rooms, grilling stations, a fire pit, basketball court, sand volleyball …

October 23, 2023

Indiana Investment Sales News

Redstone Residential Acquires 672-Bed Community Near Ball State University

by Katie Sloan October 17, 2023

Muncie, Ind. — Redstone Residential has acquired The Haven Apartments, a 674-bed student housing community located near the Ball State University campus in Muncie. The community offers a mix of two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include two outdoor basketball courts, a 24-hour fitness center, tanning bed, swimming pool, television lounge, clubhouse and fire pit. The seller and terms of the transaction were not disclosed. “Purchase, renovation and long-term hold of this vintage of apartment deals is my favorite thing to do — old enough to …

October 17, 2023

Development Features Finance Industry content Investment Sales Leasing / Marketing Off-campus On-campus Videos Webinars

Webinar: Navigating the Future: Student Housing Year-End Data Analysis + Forecast

by Sarah Daniels October 11, 2023

The Oct. 5 webinar “Navigating the Future: Student Housing Year-End Data Analysis + Forecast,” hosted by Student Housing Business and sponsored by College House, focused on student housing by the numbers. What do the latest metrics from College House’s year-end report say about leasing performance and occupancy, average rate per bed, floor plan trends, stats by tiered enrollment, the proximity leasing landscape, product type, delivery performance, top markets and more? What do experts in the student housing space see in the data? What trends and factors are shaping their outlook for this …

October 11, 2023

Investment Sales News Texas

Vesper Holdings Acquires 427-Bed Community Near the University of North Texas

by Katie Sloan October 5, 2023

Denton, Texas — Vesper Holdings has acquired 33 North, a 427-bed student housing community located near the University of North Texas in Denton. Built in 2013, the mid-rise property offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a fitness studio, study lounge, club room, gaming centers, package lockers, an outdoor kitchen, infinity pool and garage parking with electric vehicle charging stations. The property was acquired in an off-market transaction, the terms of which were not disclosed. Vesper plans to implement a capital …

October 5, 2023

Finance Investment Sales News Texas

Newmark Arranges Sale, Acquisition Financing for Maverick Place Near the University of Texas at Arlington

by Katie Sloan October 4, 2023

Arlington, Texas — Newmark has arranged the sale of and acquisition financing for Maverick Place, a 382-bed student housing community located near the University of Texas at Arlington (UTA) campus. Ryan Lang, Jack Brett and Ben Harkrider of Newmark represented the sellers, Waypoint UTA Maverick Place Owner LLC and Waypoint Maverick Land Owner LLC, in the transaction. Jorden Roeschlaub, Dustin Stolly, Ben Roelke, Ian Walker and Trent Houchin, also of Newmark, secured acquisition financing on behalf of the buyer, Axonic Properties LLC. The garden-style community offers a mix of one-, …

October 4, 2023

Investment Sales Michigan News

Berkadia Arranges Sale of 376-Bed Student Housing Community Near Michigan State University

by Katie Sloan October 4, 2023

East Lansing, Mich. — Berkadia has arranged the sale of The Rocks, a 376-bed student housing community located near the Michigan State University Campus in East Lansing. The garden-style property was built in 2015 at 16970 Chandler Road. The community offers a mix of one-, two-, three- and four-bedroom units. Kevin Larimer and Brandon Buell of Berkadia represented the seller, Nuveen Real Estate, in the transaction. Centurion Property Group and IDE ideas en desarollo acquired the property for an undisclosed price. Aaron Moll of Berkadia’s commercial mortgage team arranged a fixed-rate, …

October 4, 2023

Investment Sales News Washington

11 Capital Sells Four Student Housing Properties Near Western Washington University for $35.4 Million

by Katie Sloan September 27, 2023

Bellingham, Wash. — 11 Capital has sold four student housing properties near Western Washington University (WWU) in Bellingham. PTLA Corp. acquired the communities for a total of $35.4 million. Kevin Larimer, Brandon Buell, Steven Chattin, Mitchell Belcher, Jay Timpani, Chad Blenz and Brandon Lawler of Berkadia represented the seller in the dispositions. Transactions included the sale of WWU – Living Portfolio for $29.2 million. The portfolio consists of 145 units spread across three student housing properties, which were 87 percent occupied at the time of sale: University Heights, a 78-unit/114-bed …

September 27, 2023

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