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, …
Maryland
College Park, Md. — Core Spaces has opened Hub College Park, a 475-bed student housing community located near the University of Maryland campus in College Park. The 239,542-square-foot property offers 161 fully furnished units in studio through five bedroom configurations. Shared amenities at the 239,542-square-foot community include a state-of-the-art fitness center, spa and sauna, co-working spaces, private study lounges, a rooftop swimming pool and a coffee shop. Studio K Creative designed the interior of the property alongside Core’s in-house design team. Antunovich Associates served as the architect and Treehouse Builders …
Baltimore — MCB Real Estate has broken ground on Flats at the Markley, a 146-unit student housing development in the Beverly Hills neighborhood of northeast Baltimore. Situated along Harford Road, the off-campus property will serve students attending nearby Morgan State University. MCB says the five-story development will feature, “apartments with in-unit washers and dryers, study rooms, game rooms, onsite parking and an outdoor courtyard.” MCB expects to complete Flats at the Markley in summer 2025.
Axiom Arranges $34.5 Million Refinancing for Student Housing Community Near University of Maryland
College Park, Md. — Axiom Capital Corp. has arranged the $34.5 million refinancing of a student housing property located near the University of Maryland in College Park. The fixed-rate, non-recourse loan was secured on behalf of an undisclosed borrower and features a three-year term. The unnamed student housing property offers 232 units alongside amenities including a swimming pool, fitness center, movie theater and shuttle service to both the University of Maryland and Howard University. Built in 2010, the community also offers a 629-stall parking garage and 30 surface-level parking spaces.
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 …
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 …
Greystar Closes $600 Million Financing for Three Mixed-Use Projects in Texas, Maryland
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. …
Walker & Dunlop Bolsters Affordable Housing Business with $696 Million Acquisition of Alliant Capital, Affiliates
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 …
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.
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 …