New York City and Austin, Texas — Blackstone Inc. (NYSE: BX) has agreed to acquire American Campus Communities (NYSE: ACC) in a deal valued at $12.8 billion, including the assumption of debt. ACC is the largest publicly traded owner, manager and developer
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Syracuse, N.Y. — Champion Real Estate Co. has acquired Campus Hill Apartments, a 715-bed student housing community near Syracuse University, for $65 million. The property offers fully furnished units across 51 buildings. The community will be rebranded Victory at Syracuse
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Rochester, N.Y. — Aptitude Development has broken ground on The Marshall at Rochester, a 494-bed student housing community located near the Rochester Institute of Technology in New York. The six-building property will offer units with bed-to-bath parity. Shared amenities are
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Rochester and Buffalo, N.Y. and Wilmington, N.C. — Berkadia has secured a preferred equity partner for the recapitalization of a 1,350-bed student housing portfolio owned by OC Ventures. The properties are located in Rochester and Buffalo, New York, as well
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New York City — Global Student Accommodation (GSA) has appointed Mark Ortiz to the role of Chief Financial Officer. Ortiz will play a key role in developing the company’s business internationally and in the U.S. following the opening of GSA’s New
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New York City — Vesper Holdings has promoted Dan Shoepe to the position of COO at Campus Life & Style (CLS), the company’s wholly-owned property management arm. In his new role, Shoepe will be responsible for planning and managing the
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Rochester, N.Y. — Harrison Street has acquired a majority ownership in APEX, a student housing community located across the street from the Rochester Institute of Technology in New York. The seller, Michaels, has retained a 2 percent ownership in the
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New York City — ButterflyMX has announced the closing of a $50 million growth equity round led by JMI Equity with participation from Volition Capital, Egis Capital and RiverPark Ventures. The New York City-based company will use the funding to
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New York City — Vesper Holdings has promoted Jim Sholders to the position of CEO at Campus Life & Style (CLS), the company’s wholly-owned property management arm. In his new role, Sholders will be responsible for managing the company’s overall
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Oswego, N.Y. — Rittenhouse Realty Advisors has arranged the $23.5 million sale of Lakeside Commons, a 320-bed student housing community located near the State University of New York (SUNY) at Oswego. The newly constructed community offers 84 units with bed-to-bath
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Syracuse, N.Y. — Square Mile Capital has originated a $47.2 million loan for CREM Capital’s acquisition of 505 on Walnut, a 363-bed student housing community located near Syracuse University in New York. Trent Houchin of Newmark’s Austin, Texas, office brokered
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Athens, Ga. and New York City — Last week, Landmark Properties, a student housing developer and owner based in Athens, Georgia, announced a joint venture partnership with New York-based Blackstone Real Estate Income Trust Inc. The partnership will recapitalize and acquire eight
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