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PeakMade Awarded Management of Two Communities in Kansas, Michigan

by Katie Sloan

Lawrence, Kan. and East Lansing, Mich. — PeakMade Real Estate has been awarded management of two student housing communities located in Kansas and Michigan. Assignments include Hannah Lofts, a 702-bed development located near the Michigan State University campus in East Lansing; and Proxi Lawrence, a 312-bed property serving students attending the University of Kansas in Lawrence.  Located at 2929 Hannah Blvd., Hannah Lofts offers 282 fully furnished units in studio through four-bedroom configurations with bed-to-bath parity, including townhomes. Shared amenities include a 24-hour clubhouse, pool, fitness center, individual and group study …

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Collective-at-Lawrence
AlabamaInvestment SalesKansasNews

The Preiss Co. Acquires Two Student Housing Communities in Alabama, Kansas

by Katie Sloan

Tuscaloosa, Ala. and Lawrence, Kan. — The Preiss Co. has acquired two student housing communities located in Alabama and Kansas. Acquisitions include The Collective at Lawrence, a 784-bed, cottage-style community located near the University of Kansas in Lawrence; and Riverfront Village, a 440-bed community located near the University of Alabama campus in Tuscaloosa. Formerly known as The Nest, The Collective at Lawrence was built in 2018 and offers 270 units. Shared amenities include a state-of-the-art clubhouse, indoor/outdoor fitness center, swimming pool, hot tub, disc golf course, soccer field and study areas. …

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Investment SalesKansasNews

The Tailwind Group Acquires 720-Bed Community Near the University of Kansas

by Katie Sloan

Lawrence, Kan. — The Tailwind Group has acquired Reserve on West 31st, a 720-bed student housing community located near the University of Kansas campus in Lawrence. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL represented the undisclosed seller in the transaction. Built in 1999, the community offers shared amenities including a computer lab, study lounge, clubhouse, dog park, 24-hour fitness center, resort-style swimming pool, hot tub, grilling area, basketball court and sand volleyball court. Significant updates to the community were made by the previous owner, which included the addition of …

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Investment SalesKansasNews

The Tailwind Group Acquires Two Student Housing Properties in Kansas

by Katie Sloan

Lawrence and Wichita, Kan. — The Tailwind Group has acquired two student housing properties located in Kansas. Acquisitions include Legends Place Apartments, a 632-bed community located near the University of Kansas in Lawrence; and Aspen Heights Wichita, a 327-bed community located adjacent to the Wichita State University campus. The Aspen Heights property was rebranded Altitude at Wichita upon acquisition. Ryan Lang of Newmark brokered the acquisition of Legends Place Apartments from ApexOne Investment Partners. Teddy Leatherman of JLL arranged the acquisition of Altitude at Wichita from Aspen Heights Partners. 

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Investment SalesKansasNews

JLL Arranges Sale of 504-Bed Student Housing Community Adjacent to the University of Kansas

by Katie Sloan

Lawrence, Kan. — JLL Capital Markets has arranged the sale of Naismith Hall, a 504-bed, dormitory-style student housing community located adjacent to the University of Kansas campus in Lawrence. Scott Clifton, Stewart Hayes, Teddy Leatherman and Jim Gates of JLL represented the seller, Bromley Cos., in the disposition of the property to the undisclosed buyer. Naismith Hall sits on 2.84 acres totaling 120,000 square feet, and was originally built in 1965 with its most recent renovations completed in 2013. The community offers shared amenities including a 24-hour fitness center; swimming …

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AlabamaDevelopmentKansasNewsOff-campus

The Opus Group, The McKinney Fund Complete Two Communities in Alabama, Kansas

by Katie Sloan

Birmingham, Ala. and Lawrence, Kan. — A joint venture between The Opus Group and The McKinney Fund has finished the development of two student housing communities located in Alabama and Kansas. Completed projects include Ascend Five Points South, a 520-bed mixed-use development located near the University of Alabama at Birmingham; and Proxi Lawrence, a 330-bed mixed-use development located near the University of Kansas in Lawrence. Both properties offer retail space alongside shared amenities including swimming pools, study rooms, fitness centers and spas. The design team for Ascend Five Points South …

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FinanceKansasNews

Prescient Capital Provides $6.8 Million Refinancing for Student Housing Property in Kansas

by Katie Sloan

Emporia, Kan. — Prescient Capital has provided a $6.8 million loan for the refinancing of The Villas at Emporia, a 192-bed student housing property located near Emporia State University in eastern central Kansas. The four-story complex is located at 1839 Merchant St. The loan term is 12 months with two six-month extension options. Loan proceeds will be utilized to pay off maturing debt. The borrower was undisclosed.

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Investment SalesKansasNewsOff-campus

Pebb Capital Sells 647-Bed Community Near the University of Kansas

by Katie Sloan

Lawrence, Kan. — Pebb Capital has sold The Rockland, a 647-bed student housing community serving students at the University of Kansas in Lawrence. The community offers one- and two-bedroom units. Shared amenities include a resort-style pool and hot tub; a 24-hour business center and fitness center; a common room with a gaming station and pool table; tanning facilities; an outdoor barbecue area with a fire pit; a coffee bar; indoor and outdoor basketball courts; and a dog park. NB Private Capital acquired the property for an undisclosed price. Kevin Larimer …

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DevelopmentKansasNewsOff-campus

Opus Begins Construction on Three-Story Student Housing Community Near University of Kansas

by Katie Sloan

Lawrence, Kan. — The Opus Group has begun construction on a new three-story student housing community near the University of Kansas. The project will include 120 units accommodating 312 residents as well as 8,200 square feet of retail space. The development is the first in Lawrence to use the new Smart Code portion of the city’s zoning code, requiring the project to incorporate more civic space and encourage less automobile usage. Residents will be able to take public transportation from a bus stop adjacent to the property. A biking and hiking …

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DevelopmentKansasNewsOff-campus

Campus Advantage Awarded Management of Community Near Kansas State University

by Katie Sloan

Manhattan, Kansas — Campus Advantage has been awarded management of a student housing community consisting of three properties near Kansas State University in Manhattan. The first phase of development, 12B Lofts, recently opened with two more buildings — titled 11B Lofts and Avenue M — set to open in fall 2020. The community will offer a total of 239 beds upon completion. Austin-based marketing agency Catalyst will manage the community’s branding efforts.

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