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Arkansas

Chuck-Carroll
ArkansasCompany NewsDevelopmentNews

Endeavor Acquires Development Site Near University of Arkansas, Launches Student Housing Division

by Katie Sloan

Fayetteville, Ark. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing its student housing platform. Carroll previously spent over 20 years with American Campus Communities. “Chuck has been a trusted and respected colleague for two decades and I couldn’t be happier with him joining Endeavor and helping us continue building out our student …

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YOUnion-Fayetteville
ArkansasInvestment SalesNews

SAM, Virtus Acquire 589-Bed Community Near the University of Arkansas

by Katie Sloan

Fayetteville, Ark. — A joint venture between Strategic Asset Management (SAM) and Virtus Real Estate Capital has acquired YOUnion@Fayetteville, a 589-bed student housing development located near the University of Arkansas campus in Fayetteville. The project was acquired from Strategic Student & Senior Housing Trust Inc. — a public, non-traded REIT sponsored by SAM — for $72.3 million. An undisclosed affiliate of SAM will serve as property manager on behalf of the joint venture. The community offers 198 fully furnished units in one-, two-, three- and four-bedroom configurations. The property is fully …

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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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Wolf-Creek
ArkansasDevelopmentFinanceNews

Hillcrest Acquisitions Acquires Student Housing Near Arkansas State for Multifamily Conversion

by Katie Sloan

Jonesboro, Ark. — Hillcrest Acquisitions has acquired Wolf Creek, a 192-unit student housing community located at 500 North Caraway Road near the Arkansas State University campus in Jonesboro. The community is set to undergo $4.4 million in renovations and will be converted into conventional multifamily. Marc Tropp of Eastern Union secured $12.05 million in financing through Bay Vanguard on behalf of Hillcrest for the acquisition of the property from an undisclosed seller. The five-year mortgage loan features interest-only payments for 24 months during renovations and lease-up. Once the property is …

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ArkansasInvestment SalesNews

Tailwind Group Acquires 670-Bed Community Near the University of Arkansas

by Katie Sloan

Fayetteville, Ark. — The Tailwind Group has acquired Ozark Villas, a 670-bed student housing community located near the University of Arkansas campus in Fayetteville. The 213-unit property was acquired from Fountain Residential Partners for an undisclosed price. Teddy Leatherman of JLL brokered the transaction. Upon closing, the community was rebranded College Town Fayetteville. The new ownership has plans to begin major exterior renovations at the property imminently. Shared amenities at the community include a resort-style swimming pool, clubhouse, billiards, a fitness center, dog park, basketball court, sand volleyball court, collaborative …

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Legacy
ArkansasDevelopmentFloridaGeorgiaIndianaMarylandNewsOff-campusPennsylvaniaSouth CarolinaTexasWashington

Landmark Properties Completes $2 Billion Student Housing Portfolio for 2023-2024 Academic Year

by Katie Sloan

Athens, Ga. — Landmark Properties has completed the development of 10 student housing properties valued at $2 billion ahead of the fall 2023 semester. The portfolio is the largest to be delivered off-campus in a single year, according to Landmark, and accounts for one-fourth of all student housing deliveries this fall. The portfolio, which offers a total of 8,195 beds, includes:  The Standard at College Park, a 951-bed community located two blocks from the University of Maryland campus in College Park. The property offers units in studio through five-bedroom configurations, …

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Tailwind
ArkansasInvestment SalesLouisianaNews

Tailwind Group Acquires Two Student Housing Communities in Arkansas, Louisiana

by Katie Sloan

Fayetteville, Ark. and Baton Rouge, La. — Tailwind Group has acquired two student housing communities in Arkansas and Louisiana. Acquisitions include Spectrum Apartments, a 504-bed, garden-style community located near the University of Arkansas in Fayetteville; and The Sterling, a 340-bed community serving students attending Louisiana State University in Baton Rouge. William Vonderfecht of CBRE brokered the acquisition of Spectrum Apartments from Bridge Partners for an undisclosed price. Mike McGaughy and Jon Kleinberg of Transwestern arranged the acquisition of The Sterling from an undisclosed seller. Both properties will be rebranded and have …

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Champion-Club
ArkansasInvestment SalesNews

Rittenhouse Realty, Triad Arrange $15 Million Sale of 232-Bed Community Near the University of Arkansas

by Katie Sloan

Fayetteville, Ark. — Rittenhouse Realty Advisors, a member of GREA, and Triad Real Estate Partners have arranged the $15 million sale of Champions Club. The newly constructed student housing community is comprised of 232 beds near the University of Arkansas campus. The property offers 76 two-, three- and four-bedroom units at 1629 S. Razorback Road in Fayetteville. Units are fully furnished and feature bed-to-bath parity. Community amenities include a swimming pool, fitness center, barbecue and picnic area, fire pit, dog park, game lounge and a computer lab. The property was …

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Retreat-Fayetteville
ArkansasDevelopmentNewsOff-campus

Landmark Properties Begins Construction on 585-Bed Development Near the University of Arkansas

by Katie Sloan

Fayetteville, Ark. — Landmark Properties has begun construction on The Retreat at Fayetteville, a 585-bed student housing development located adjacent to the University of Arkansas campus in Fayetteville.  Located at 1030 Razorback Road, the community will offer a mix of two- to five-bedroom, fully furnished units. Shared amenities will include outdoor green space with a putting green and bocce ball area; 24-hour study lounge; computer lab; fitness center; resort-style swimming pool and hot tub; grilling area; and a fire pit. The property will also feature 1,000 square feet of ground …

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ArkansasIllinoisNewsNorth CarolinaTennesseeTexas

Newmark Brokers Sale of Four-Property Student Housing Portfolio Across Southeast, Illinois

by Katie Sloan

Austin, Texas — Newmark has brokered the sale of a four-property portfolio of mid-rise student housing properties totaling 1,441 beds. The properties are situated adjacent to public universities in the Southeast and Illinois. Ryan Lang, Jack Brett, Ben Harkrider, Tim McKay, Debra Corson, Blake Pera and Dean Smith of Newmark represented the seller, Rael Corp., in the transaction. The sales price and the buyer were not disclosed. The properties include Gather Illinois, which is located near the University of Illinois at 410 North Lincoln Ave. in Urbana, Illinois; Gather Uptown …

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