Indianapolis — The Annex Group has hired Todd Sears as chief operating officer. In his new position, Sears will lead the Indianapolis-based firm’s development, construction and property management teams. He brings over three decades of experience to the position. “The Annex Group has experienced significant growth, specifically within the past few years,” says CEO Kyle Bach. “To keep pace with our growing portfolio, we have expanded our leadership team. Bringing Todd — someone with vast experience and lots of ideas for how to continue to grow and do even better work …
Indiana
West Lafayette, Ind. — Muinzer has promoted Michael Snyder to the role of president. In his new role, Snyder will provide key strategic and operational direction to the West Lafayette, Indiana-based firm. Snyder will also continue to serve in his current role of chief operating officer. “For more than 20 years, Muinzer has maintained a consistent approach to student housing investing and has provided a culture of stability throughout numerous cycles for all of its stakeholders,” says Founder and CEO Marc Muinzer. “As we transition into this new stage of growth …
Landmark Properties, Manulife Investment Break Ground on 678-Bed Development Near Purdue University
West Lafayette, Ind. — A joint venture between Landmark Properties and Manulife Investment Management has broken ground on The Standard at West Lafayette, a 678-bed development serving students attending Purdue University in Indiana. Located on West Wood Street in West Lafayette, the community will offer fully furnished units in studio through four-bedroom configurations. Shared amenities will include a rooftop clubhouse with an outdoor heated pool and fitness center; an indoor/outdoor amenity deck on the fourth floor with a grilling area, seating, gaming lounge and an interior courtyard; study spaces on each …
Raleigh, N.C. — The Preiss Co. has recapitalized a portfolio of five undisclosed student housing properties. The communities span 3,700 beds and serve students attending The University of Texas at Austin, North Carolina State University, Texas State University, The University of Florida and Indiana University. Details of the recapitalization were not released. As part of the recapitalization, all five properties will undergo renovations to shared amenity spaces. Planned upgrades include the addition of modern furniture, updated finishes and state-of-the-art fitness equipment. Several properties will also receive unit interior renovations including the …
Cushman & Wakefield Arranges Equity Financing for 241-Bed Development Near University of Illinois
Champaign, Ill. — Cushman & Wakefield has arranged limited partner (LP) equity financing for the development of 505 S 5th Street, a Class A student housing project in Champaign serving students attending the University of Illinois’ Urbana-Champaign campus. The project will be located adjacent to campus and in the heart of Campustown. The development site is fully entitled and shovel-ready, with groundbreaking slated for this month. Completion is anticipated ahead of the 2026-2027 academic school year. The community will feature 241 beds and amenities such as a fitness center, yoga …
Indianapolis — The Annex Group has hired Matt Keane to the role of vice president of public-private partnerships (P3s) and promoted Matt Zetzl to the role of P3 manager. In his new position, Keane will provide business development and partnership solutions while leading the Indianapolis-based firm’s growing P3 team. Zetzl will be responsible for P3 procurement and advancing Annex’s P3 community impact plans. “As we continue to secure more P3 housing opportunities, The Annex Group is expanding to serve our partners with more residential asset classes and innovative financing solutions,” says …
West Lafayette, Ind. — Granite Management has appointed John Rabold to the role of CEO succeeding Brent Gutwein, who will serve as the company’s executive chairman. Since joining the West Lafayette-based firm, Rabold has spearheaded initiatives across sales, operations, marketing and finance. He most recently served as president — a position which will remain unfilled as part of the company’s strategic succession plan. “John’s high energy, thoughtful approach and logical decision-making make him uniquely suited to lead Granite into its next chapter,” says Gutwein. “As executive chairman, I will continue to …
LV Collective, Harrison Street to Break Ground on 800,000-Square-Foot Development Near Purdue University
West Lafayette, Ind. — A joint venture partnership between LV Collective and Harrison Street is set to break ground on Rambler Levee District, an 800,000-square-foot student housing development located near the Purdue University campus in West Lafayette. The community will offer 583 units across two buildings upon completion, which is scheduled for fall 2027. Shared amenities including co-working spaces, private study and conference rooms, a clubroom, multiple swimming pools, internal courtyards, fitness facilities, yoga and fitness on-demand studios, saunas and a resident lounge. The community will also feature a 20,000-square-foot public …
Fort Wayne, Ind. — A public-private partnership between Gilbane Development Co. and Purdue University is set to break ground on a $100 million residence hall project on the university’s campus in Fort Wayne. The community will span 213,000 square feet, offering 600 beds across 176 units near Ginsberg Hall on the university’s North Campus. Units will be offered in studio through four-bedroom configurations. Just under half of the beds will be reserved for students contracting with the university for housing. The remaining beds will be available to the general public, including …
The 87 Student Housing Community Opens Near University of Notre Dame Campus in South Bend
South Bend, Ind. — The 87, an 810-bed student housing development located near the University of Notre Dame campus in South Bend, was recently completed by Toll Brothers Campus Living. Centier Bank provided $91 million in construction financing for the project, which broke ground in September 2022. The community also serves students attending Holy Cross College and St. Mary’s College. The development offers 335 fully furnished units with bed-to-bath parity in studio through four-bedroom configurations, alongside townhomes. Shared amenities include study lounges with private seating options; a social lounge and coffee …