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Bayless
Company NewsNewsTexas

Bill Bayless Returns to Student Housing Industry, Forms Maslow’s Campus Communities

by Katie Sloan

Austin, Texas — Bill Bayless, co-founder of American Campus Communities (ACC), has returned to the student housing industry with the formation of Maslow’s Campus Communities. During his career, Bayless has been involved in more than $30 billion worth of student housing transactions, including more than $8 billion in ground-up development. He retired from the position of vice chair at ACC in April 2023 after leading the company as CEO for 20 years.  With the formation of Maslow’s Campus Communities, Bayless is looking to once again build a best-in-class brand to …

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East-Village
NewsNorth CarolinaOperations

The Preiss Co. Awarded Management of Seven Communities in North Carolina, Texas 

by Katie Sloan

Raleigh, N.C. — The Preiss Co. (TPCO) has been awarded management of seven communities in North Carolina and Texas. New assignments include the 732-bed East Village and 96-bed Blue Hill Apartments communities, both located in Charlotte; The Lookout, a 48-bed property located in Chapel Hill, North Carolina; Madera, a 504-bed community located in San Antonio; The Province, a 696-bed development located in Greensboro, North Carolina; Green Spring Apartments, a 52-bed property located in San Marcos, Texas; and Sparq on Rio, a 388-bed community located in Austin, Texas. The Raleigh, North …

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Capstone-Jordan
AlabamaCompany NewsNews

Capstone Development Partners Hires Jordan Gaston as Vice President, Head of Workforce Housing 

by Katie Sloan

Birmingham, Ala. — Capstone Development Partners has hired Jordan Gaston as vice president and head of the Birmingham-based company’s workforce housing division. Gaston previously served as director of finance in Capstone’s finance division from 2016 to 2021. During that time, he led the structuring of ownership and financing for $1 billion in on-campus and off-campus student housing and mixed-use developments. Gaston most recently served as vice president with Citigroup’s public finance department. “Escalating rents and housing shortages continue to challenge our college and university partners in their efforts to provide …

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Aspire-A&M
DevelopmentNewsTexas

Joint Venture to Break Ground on 873-Bed Community Near Texas A&M University 

by Katie Sloan

College Station, Texas — A joint venture between Harrison Street, The Dinerstein Cos. and Up Campus Student Living is set to break ground on an 873-bed student housing development located near the Texas A&M University campus in College Station. Dubbed Aspire A&M, the community will be situated within the city’s Northgate neighborhood and will rise 19 stories. The property will include 11,000 square feet of ground floor retail space and a 718-space parking garage. Shared amenities are set to include two rooftop swimming pools, fitness facilities, study rooms, a theater …

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Company NewsNews

The Dot Group Acquires European Third-Party Operator CRM Students, Adds 27,000 Beds

by Katie Sloan

London — London-based The Dot Group has acquired European third-party student operator CRM Students from CORESTATE Capital Holdings for an undisclosed price. CRM Students’ portfolio includes over 100 properties spanning 27,000 beds in seven countries. CRM and its subsidiaries in the UK and Europe will become part of the broader Dot Group, operating as a white-label solution alongside Yugo, the company’s third-party management arm. The acquisition extends The Dot Group’s global footprint into four new European markets of Austria, Italy, Poland and Portugal, bringing its total portfolio to 80,000 beds.

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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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Granite
Company NewsIndianaNews

Granite Management Welcomes Josh Wilson as COO, Promotes Joel Brovont to CPO

by Katie Sloan

West Lafayette, Ind. — Granite Management has hired Josh Wilson as chief operating officer and promoted Joel Brovont to the role of chief people officer. In his new position, Wilson will spearhead all of the West Lafayette, Indiana-based company’s operations. He previously held positions with Greystar and EdR. As Chief People Officer, Brovont will play a pivotal role in shaping Granite’s approach to talent acquisition, employee development and organizational culture. “We are thrilled to welcome Josh to the Granite family,” says President John Rabold. “His proven track record of driving …

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Twin-River
FinanceNew YorkNews

TSB Capital Advisors Arranges Refinancing for Twin River Commons Near SUNY Binghamton

by Katie Sloan

Binghamton, N.Y. — TSB Capital Advisors has arranged the refinancing of Twin River Commons, a 371-bed student housing property located near the State University of New York (SUNY) at Binghamton campus in Binghamton. The floating-rate loan was secured on behalf of the borrower, Harrison Street. The community offers units in studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a state-of-the-art fitness center, complimentary Wi-Fi, clubhouse, fireplace lounge with billiards and games, package lockers and an outdoor courtyard and kitchen. Further details on the financing were not disclosed. 

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Company NewsNew YorkNewsSouth Carolina

Aptitude Development Partners with Counslr to Offer Free Mental Health Support for Residents

by Katie Sloan

Rochester and Ithaca, N.Y. and Conway, S.C. — Aptitude Development has partnered with mobile app Counslr to provide free mental health support for residents across the firm’s student housing portfolio. The partnership launched at three of Aptitude’s communities on the East Coast and will expand nationwide over the course of 2024. The first three communities to offer Counslr include The Marshall, serving students attending the Rochester Institute of Technology in New York; The Ithaca, serving students attending Ithaca College and Cornell University in New York; and The Pier, serving students attending Coastal …

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La-Playa-Residence-Hall-Long-Beach-CA
CaliforniaDevelopmentNewsOn-campus

Cal State Long Beach Breaks Ground on $115 Million La Playa Residence Hall Project

by Katie Sloan

Long Beach, Calif. — California State University, Long Beach (CSULB) has broken ground on La Playa Residence Hall, a 108,000-square-foot student housing project in Long Beach, located on the coast south of Los Angeles. Designed by Perkins & Will, the project is part of the State of California’s Higher Education Student Housing Grant Program, which aims to increase below-rate rental options for students living on campus. La Playa Residence Hall will add 424 beds to CSULB’s Hillside Housing village. The $115 million project will consist of three five-story buildings each …

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