Maryland

Tempo

College Park, Md. — Gilbane Development Co. has completed TEMPO, a 978-bed community serving students attending the University of Maryland in College Park. The eight-story building offers 296 units in studio, one-, two-, three-, four- and five-bedroom configurations. Each unit is fully furnished and features bed-to-bath parity. Shared amenities at TEMPO include a swimming pool; three outdoor courtyards; a rooftop deck with a fire pit and televisions; fitness center; podcast and video studio; yoga studio; multi-sport simulator; makerspace with a 3D printer; game lounge with pool tables; study lounge; coffee …

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East-33rd

Baltimore — HH Fund has acquired Nine East 33rd, a 568-bed student housing community located across from the Johns Hopkins University campus in the Charles Village neighborhood of Baltimore. Armada Hoffler Properties Inc. sold the property for $75 million. The community offers shared amenities including a fitness center, resident lounge, an outdoor terrace and leisure areas. The community also features ground floor retail space leased to nine tenants. Aaron Moll, Cody Kirkpatrick, Noam Franklin, Chinmay Bhatt and Matthew Tu of Berkadia secured a $62 million stretch senior loan for the …

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Union-Knox

Austin, Texas and College Park, Md. — Greystar has closed on $600 million in financing for three mixed-use student housing developments located in Texas and Maryland. Construction on all projects began in October with completion scheduled for fall 2024.  Developments include Union on San Antonio, a $171 million, 991-bed high-rise being built through a public-private partnership with the St. Austin Catholic Parish. The project is located one block from the University of Texas at Austin campus and will include a new Catholic parish, rectory and K-8 school for $32 million.  …

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Bridgeview-Village_Charleston

Bethesda, Md. and Woodland Hills, Calif. — Walker & Dunlop (NYSE: WD) has entered into a definitive agreement to acquire Alliant Capital Ltd., a privately held affordable housing asset management firm based in Woodland Hills. Under the terms of the purchase agreement, Walker & Dunlop will acquire Alliant and its affiliates, Alliant Strategic Investments and ADC Communities, at a total value of $696 million. Alliant is the sixth-largest syndicator of low-income housing tax credits (LIHTC) in the United States and has participated in the development of over 100,000 affordable units serving …

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929-Apartments

Baltimore, Md. — Capstone On-Campus Management (COCM) has been awarded management of 929 Apartments, a 572-bed student housing community near Johns Hopkins University in Baltimore. The 20-story high-rise is located adjacent to the the Johns Hopkins University Medical Campus and offers a mix of studio, one-, two-, three- and four-bedroom units. Shared amenities include a fitness center, rooftop garden, conference room and meeting and group study space. The community is owned by East Baltimore Development Inc.

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The Retreat at Kennesaw

Athens, Ga. — Landmark Properties has broken ground on four student housing developments worth $600 million. New projects include Phase II of The Mark at Athens near the University of Georgia; The Standard at College Park near the University of Maryland; Legacy at The Standard near the University of Florida; and The Retreat at Kennesaw near Kennesaw State University.  Phase II of The Mark at Athens is located adjacent to the University of Georgia campus and will offer studio, one-, two-, three-, four- and five-bedroom units alongside 19,000 square feet …

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Tempo

College Park, Md. — Gilbane Development Co. has broken ground on Tempo, a 978-bed student housing community located near the University of Maryland campus in College Park. The eight-story property will offer studio, one-, two-, three-, four- and five-bedroom, fully furnished units with bed-to-bath parity. Shared amenities are set to include a bocce court, study lounge, computer lab, multi-sport simulator, fire pit, game space, fitness center, swimming pool, clubhouse and a sun deck with cabanas. The project is scheduled for completion in August 2022, with a leasing office located at …

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Apollo

Providence, R.I. — Gilbane Development Co. has completed four student housing projects totaling over 3,000 beds. Properties include:  Altus, a 720-bed community serving students attending Towson University in Maryland. The community — located within the Towson Row mixed-use development — offers shared amenities including a fitness center, computer lounge, study rooms, a game room, swimming pool, grilling area, fire pit, bocce court and pet park. Apollo, a mixed-use community offering 943 beds of student housing, 64 units of traditional multifamily housing and 12,000 square feet of retail space near Arizona …

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Altus Towson Row

Towson, Md. — Greenberg Gibbons and Caves Valley Partners will open Phase I of Towson Row, a $350 million mixed-use development in Towson, in August. The first phase includes Altus, a 214-unit student housing community that will include retail and restaurant space on the ground level. Gilbane Development Co. is developing and managing Altus, which is located at the corner of Susquehanna Avenue and Towson Row, one mile north of Towson University. Located on the first level of the Altus building will be a 2,860-square-foot wine and spirits store, a 2,272-square-foot nail …

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Austin, Texas— American Campus Communities (ACC) has sold The Varsity, a 901-bed student housing community located near the University of Maryland in College Park, to an undisclosed buyer for $148 million. The company also released a COVID-19 statement, outlining efforts to support its residents and employees impacted by the pandemic. At this time, ACC is: Waiving all late fees and financial-related eviction proceedings temporarily and working with residents and families who endure financial hardship on a case-by-case basis; Ensuring residents continue to have housing in an environment conducive to academic success, …

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