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Investcorp Acquires Four Student Housing Properties for $300 Million

by Katie Sloan

New York City — Investcorp has acquired four student housing properties totaling nearly 3,000 beds for $300 million. Acquisitions include a 792-bed community located near the Texas A&M University campus in College Station; a 486-bed property serving students attending Texas State University in San Marcos; a 699-bed community located adjacent to the University of Kentucky in Lexington; and a 684-bed property located near the University of Oklahoma campus in Norman. The seller and details on the four properties, which were nearly fully occupied at the time of sale, were not released. …

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NewsTexas

U.S. Department of Justice Dismisses Investigation of Multifamily Rental Housing Pricing Practices

by Katie Sloan

Richardson, Texas — Property management software firm RealPage has announced that the U.S. Department of Justice’s (DOJ) Antitrust Division dismissed its criminal investigation into pricing practices in the multifamily rental housing industry.  Earlier this fall, The Justice Department and eight states sued the Richardson, Texas-based firm under the accusation that the company’s rent-setting algorithm allowed landlords to coordinate price escalations illegally. The complaint was one of the most sweeping legal actions ever taken by the federal government against a private company in the rental housing industry, according to reports by the Wall …

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Up-Campus-Ohio-State
DevelopmentNewsOhio

Up Campus Living to Break Ground on 325-Bed Development Near Ohio State University 

by Katie Sloan

Columbus, Ohio — Up Campus Living is set to break ground on Blume on 16th, a 325-bed student housing development located near the Ohio State University campus in Columbus. The property will offer fully furnished units alongside shared amenities including private study rooms, a fitness center, yoga studio, spa, outdoor courtyards and package rooms. The project is set for completion in fall 2026 and will be seeking Fitwel Certification. The development team for the project includes MA Design, E.P. Ferris & Associates, The Edge Group, Jezerinac-Geers & Associates and Jordan & …

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IllinoisInvestment SalesNew YorkNewsPennsylvaniaSouth CarolinaTexas

Blue Vista, Clarion Partners Acquire 2,787-Bed Student Housing Portfolio

by Katie Sloan

Chicago and New York City — A joint venture between Chicago-based Blue Vista Capital Management and New York City-based Clarion Partners has acquired a four-property student housing portfolio totaling 2,787 beds. Columbus Pacific Group sold the properties for an undisclosed price. The acquisition included two adjacent student housing communities offering a total of 1,124 beds near the Pennsylvania State University campus in University Park; a 309-bed community serving students attending the College of Charleston in South Carolina; and a 1,354-bed property located near the Texas A&M University campus in College Station. …

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Hartwell-Ridge
DevelopmentFinanceNewsSouth Carolina

JLL Secures Construction Financing, Equity Placement for 168-Unit Development Near Clemson University

by Katie Sloan

Clemson, S.C. — JLL has secured construction financing and an equity placement for Hartwell Ridge, a 168-unit student housing development located near the Clemson University campus in South Carolina. Jeremy Sain, Teddy Leatherman and Lauren Dow of JLL represented the borrower, Fountain Residential Partners, in arranging the equity placement through FrontRange Capital and Atlantic American Partners. BankUnited provided the construction loan for the project. Located at 10920 Clemson Blvd., the community will offer fully furnished units in studio through five-bedroom configurations, including two-story townhomes. Shared amenities will include a swimming pool, …

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Den-Mizzou
Investment SalesMissouriNews

CBRE Arranges Sale of 552-Bed Community Near University of Missouri

by Katie Sloan

Columbia, Mo. — CBRE has arranged the sale of The Den, a 552-bed student housing community located near the University of Missouri campus in Columbia. A joint venture between The Michaels Org. and Capital Solutions Inc. purchased the property from Hamilton Point Investments for an undisclosed price. Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE National Student Housing represented the seller in partnership with Matt Bukhshtaber of CBRE’s St. Louis office. The Den offers two- and four-bedroom units with bed-to-bath parity. Shared amenities include a swimming pool and sundeck, fitness …

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Rambler-Michigan
DevelopmentMichiganNews

LV Collective, Harrison Street to Build 1,009-Bed Luxury Student Housing Project in Ann Arbor, Michigan

by Katie Sloan

Ann Arbor, Mich. — LV Collective has partnered with Harrison Street to build Rambler, a 1,009-bed luxury student housing development across the street from the University of Michigan campus in Ann Arbor. The 484,587-square-foot project will feature 273 units across a variety of floor plans ranging from studios to six-bedroom residences. The ground floor of Rambler Ann Arbor will include a lobby with an integrated café named Daydreamer. The study mezzanine will offer spaces for coworking and private study rooms. Residents will also enjoy outdoor terraces, a clubroom and gameday lounge, …

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Sawyer-Lincoln_Columbia
Investment SalesNewsSouth Carolina

Inland Acquisitions Buys 673-Bed Student Housing Community Near University of South Carolina

by Katie Sloan

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 …

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Laura-Formica
Company NewsNewsOhio

Coastal Ridge Hires Laura Formica as Managing Director of Corporate Operations

by Katie Sloan

Columbus, Ohio — Coastal Ridge has hired Laura Formica to the role of managing director of corporate operations. In her new role, Formica will lead and oversee various corporate teams at the Columbus, Ohio-based firm’s home office. The new leadership position was designed to enhance performance and streamline operations across Coastal Ridge’s platform, which includes investment, development and property management. Formica recently served as senior managing director of operations at Core Spaces. 

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FinanceMississippiNews

Seven Hills Realty Trust Provides $42 Million Refinancing for Student Housing Property Near Ole Miss

by Katie Sloan

Oxford, Miss. — Seven Hills Realty Trust has provided a $42 million bridge loan for the refinancing of The Domain at Oxford, a 642-bed student housing property located near the University of Mississippi (Ole Miss). Newmark arranged the three-year loan on behalf of the borrower, Sausalito, California-based Shore to Shore Properties Inc. The loan features two one-year extension options. Located at 2002 Oxford Way, The Domain features 216 one-, two- and four-bedroom apartments, each furnished with a 43-inch TV. According to Apartments.com, the gated community was built in 2016 and features …

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