Birmingham, Ala. — Capstone Development Partners has hired Mike Polzin as vice president of operations for the company’s property management subsidiary, Capstone Management Partners (CMS). In his new position, Polzin will oversee the company’s portfolio managers and cell teams, while
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Auburn, Ala. — RPM Living has been awarded management of Samford Square, a 756-bed student housing community located near Auburn University in Alabama. The property offers 246 furnished units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities
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Birmingham, Ala. — Capstone Development Partners has promoted David Morrisey to vice president of construction management. Morrisey previously served as the Birmingham, Alabama-based company’s construction manager. In his new position, Morrisey will lead and oversee Capstone’s construction management division, ensuring
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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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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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Auburn, Ala. — Holder Properties has completed 320 West Mag, a 719-bed student housing community located near Auburn University in Alabama. The community offers studio, two-, three-, four- and five-bedroom, fully furnished units with bed-to-bath parity. The property also features
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Mobile, Ala. — Campus Advantage has been awarded management of Ivy Row at South, a cottage-style development currently underway near the University of South Alabama campus in Mobile. Upon completion, the property will offer 186 beds in three-, four- and
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Birmingham, Ala. — Ready Capital has closed a $15 million loan for the acquisition, conversion, renovation and stabilization of an unnamed, 176-unit student housing property in Birmingham. The undisclosed sponsor plans to transform the property from student housing to traditional
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Chicago — CA Student Living has completed four student housing communities totaling 2,241 beds. Deliveries include HERE Atlanta, a 784-bed property located near the Georgia Institute of Technology in Atlanta; Uncommon Flagstaff, a 587-bed community serving students attending Northern Arizona
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Birmingham, Ala. — Cushman & Wakefield has arranged the sale of The Alden, a 528-bed student housing community located in Birmingham. Travis Prince, Shawn Lubic, Victoria Marks, Jimmy Adams, Craig Hey and Andrew Brown of Cushman & Wakefield brokered the
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Tuscaloosa, Ala. — A joint venture between Alex. Brown Realty and Student Quarters has acquired Riverfront Village, a 440-bed student housing property located near the University of Alabama campus in Tuscaloosa. The 192-unit community was built in 2014 and offers
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Birmingham, Ala. — Capstone Development Partners has launched a new corporate program named Stepstone in support of improving access to higher education. An initial investment of $100,000 was seed-funded by principals of Capstone in December 2019 and has been annually
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