Denver — Denver-based Cardinal Group Management has been awarded management of four new student housing communities totaling approximately 1,500 beds.
Fort Collins, Colo. and Tucson, Ariz. — EdR has acquired three student housing communities located in Colorado and Arizona totaling 505 beds.
Fort Collins, Colo. — Chicago-based development and management firm Core Spaces has acquired a 665-bed student housing community located one block away from the Colorado State University campus in Fort Collins.
Fort Collins, Colo. — Marcus & Millichap has arranged the $24.6 million sale of Lokal CSU, a 194-bed student housing property located one block away from the Colorado State University (CSU) campus in Fort Collins.
Colorado Springs, Colo. — Gilbane Development Co. has broken ground on West Edge, a student housing community located across the street from The University of Colorado Colorado Springs (UCCS) campus.
Boulder, Colo. — Cardinal Group Management has been awarded the management of 9Seventy in Boulder, located on the east side of the University of Colorado at Boulder.
Fort Collins, Colo. — The apartments in the proposed building will be market rent, which at current rates would be between $1,100 and $1,200 per month.
Austin, Texas — The team currently has 14 assets under contract, which are expected to close by the second quarter of 2015.
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