As a subcategory of multifamily that is currently experiencing record rent growth, student housing is increasingly becoming a sought-after commodity in the world of institutional investment, according to a panel of industry experts. More institutional love for student housing is
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Tuscaloosa, Ala. — TSB Realty has arranged the sale of The Walk, a 251-bed student housing community located near the University of Alabama campus in Tuscaloosa. Spaces Management sold the property to Versity Invest for an undisclosed price. Delivered in
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Sunderland, Mass. — MassHousing has provided $41.2 million in permanent financing for North 116 Flats, a newly built residential community in Sunderland, located in the northern central part of the state. Of the property’s 150 units, 38 are reserved for households
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Raleigh, N.C. — The Preiss Co. (TPCO) has promoted John Preiss to president. In his new role, Preiss will oversee executive leadership and foster the company’s growth in both the student and conventional multifamily sectors. Since joining the company in
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Birmingham, Ala. — Coastal Ridge Real Estate has been awarded management of Ascend Five Points South, a 520-bed student housing property located near the University of Alabama at Birmingham. The property was developed by by Opus Development and offers studio
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Clemson, S.C. — Core Spaces and Tom Winkopp Development have formed a joint venture to develop Clemson Student Village at The Pier, a 4,000-bed student housing community located on a 140-acre plot near Clemson University. The project is an extension of
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San Marcos, Texas — Cardinal Group Cos. and TPG Real Estate Partners have acquired The Village on Telluride, a 1,116-bed student housing community located near Texas State University in San Marcos. Built in 2011, the property offers 385 units alongside
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Austin, Texas — As we move toward the start of a new academic year, the outlook in the student housing industry keeps getting brighter, according to experts within the industry. All signs point to further movement out of the COVID-19 pandemic —
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Gainesville, Fla. and Atlanta — PeakMade Real Estate and Blue Vista Capital Management have secured construction financing for two student housing projects located in Florida and Georgia. Developments include Theory Gainesville, an 861-bed student housing community located near the University
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Knoxville, Tenn. and Greenville, N.C. — Realco Capital Partners (RCP) has sold two student housing communities totaling 1,350 beds. Dispositions include Quarry Trail, serving students attending the University of Tennessee in Knoxville; and Carolina Creek, located near East Carolina University
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Durham, N.C. — Corvias has completed the development of three residential buildings totaling 3,300 beds for students and residence life staff at North Carolina Central University in Durham. The project includes the George Street Residential Complex, offering semi-suite units for
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Pullman, Wash. — A joint venture between The Annex Group and Eastmark Capital Group has announced The Annex of Pullman, a $47.8 million student housing project located near Washington State University. Construction is currently underway on the development, which is
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