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OC Ventures Sells Two Student Housing Properties in Upstate New York for $90 Million

by Katie Sloan

Amherst and Rochester, N.Y. — OC Ventures has sold two student housing properties located in the Upstate New York communities of Amherst and Rochester for $90 million. Dispositions include The Hill at Rochester, a 362-bed community located at 24 Fairwood Drive near the Rochester Institute of Technology and the University of Rochester; and Block20, a 640-bed property located at 100 Herron Drive in Amherst near the University at Buffalo. GREA brokered the acquisition of the properties by BDC Holdings. PeakMade Real Estate has been awarded management of the properties following the …

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Investcorp Acquires Four Student Housing Properties for $300 Million

by Katie Sloan

New York City — Investcorp has acquired four student housing properties totaling nearly 3,000 beds for $300 million. Acquisitions include a 792-bed community located near the Texas A&M University campus in College Station; a 486-bed property serving students attending Texas State University in San Marcos; a 699-bed community located adjacent to the University of Kentucky in Lexington; and a 684-bed property located near the University of Oklahoma campus in Norman. The seller and details on the four properties, which were nearly fully occupied at the time of sale, were not released. …

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Blue Vista, Clarion Partners Acquire 2,787-Bed Student Housing Portfolio

by Katie Sloan

Chicago and New York City — A joint venture between Chicago-based Blue Vista Capital Management and New York City-based Clarion Partners has acquired a four-property student housing portfolio totaling 2,787 beds. Columbus Pacific Group sold the properties for an undisclosed price. The acquisition included two adjacent student housing communities offering a total of 1,124 beds near the Pennsylvania State University campus in University Park; a 309-bed community serving students attending the College of Charleston in South Carolina; and a 1,354-bed property located near the Texas A&M University campus in College Station. …

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Gilbane, CBRE Investment Management Acquire 3,000-Bed Student Housing Portfolio

by Katie Sloan

Providence, R.I. — A joint venture between Gilbane Development Co. and CBRE Investment Management has acquired a six-property student housing portfolio totaling 3,000 beds across the U.S. The transaction included the recapitalization of three communities and three “shovel-ready” development projects. The portfolio comprises Bixby on College near Clemson University in South Carolina; undisclosed communities near the University of Illinois and Syracuse University campuses; and three development projects serving students attending the University of Central Florida, University of Florida and University of California, Berkeley. Further details on the transaction, including the identity …

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DevelopmentNew YorkNews

PX4 Development, NYIT Complete 120 Jericho Turnpike Residence Hall Development

by Katie Sloan

Jericho, N.Y. — PX4 Development has completed a student housing project at 120 Jericho Turnpike near the New York Institute of Technology (NYIT) campus in Jericho. The property is leased to NYIT for use as a residence hall and is staffed by the university as well as resident assistants. Each unit has access to a private bathroom and is furnished with extra-large, twin-sized beds and mattresses, desks and desks chairs, armoires, a microwave and refrigerator. The community offers complimentary shuttles to and from campus and roommate matching services. The property opened …

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Jacob Kosior Joins EliseAI as Vice President of Client Strategy

by Katie Sloan

New York City — Jacob Kosior has joined technology firm EliseAI as vice president of client strategy. Kosior brings over 10 years of experience in the multifamily industry to the position. In his new role, he will leverage this experience to help the New York City-based firm build products for multifamily owners and operators. Kosior most recently served as vice president of centralized services at Cardinal Group Management. 

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DevelopmentNew YorkNews

Landmark Properties, W5 Group to Develop 600-Bed Community Near Syracuse University

by Katie Sloan

Syracuse, N.Y. — A partnership between Landmark Properties and W5 Group has acquired a 2-acre site for the development of The Standard at Syracuse, a student housing project near Syracuse University in New York. The development will be located at 910 Madison St. in the city’s University Hill neighborhood. Upon completion, the community will offer over 600 beds across 210 units in studio through five-bedroom configurations. Each unit will be fully furnished and offer bed-to-bath parity. Shared amenities will include a 24-hour fitness center, sauna, study areas and a large outdoor …

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The Jed Foundation Develops Suicide Postvention Guidebook for Off-Campus Student Housing

by Katie Sloan

New York City — The Jed Foundation — in partnership with the College Student Mental Wellness Advocacy Coalition and Hi, How Are You Project (HHAYP) — has released an emergency preparedness guidebook for student housing managers on how to handle the sudden and tragic loss of a resident in a community.  Titled Responding to Suicide: Postvention Guidance for Student Housing Managers, the guidebook offers protocols for engaging with law enforment; communicating with campus officials and the residential community; facilitating rapid support; memorializing the deceased; and planning for long-term and future approaches to prevention …

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Investment SalesNew YorkNews

KKR Acquires Three-Property Student Housing Portfolio in Denmark 

by Katie Sloan

New York City — KKR has acquired a three-property purpose-built student housing portfolio located in the Copenhagen metropolitan area in Denmark. The properties were acquired from TPG Angelo Gordon for an undisclosed price. Completed in phases from 2020 to 2023, the communities offer a total of 494 units. The properties serve students attending a number of universities in Copenhagen, including the Copenhagen Business School. Keystone has been tapped to operate the properties. “We are delighted to announce this acquisition, which builds on our ambitions in Nordic real estate, following our recent investments …

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Investment SalesNew YorkNews

KKR to Acquire 10,000-Bed Student Housing Portfolio from BREIT for $1.6 Billion

by Katie Sloan

New York City — Funds managed by KKR have agreed to acquire a 10,000-bed student housing portfolio from Blackstone Real Estate Income Trust Inc. (BREIT) for $1.6 billion.  The portfolio consists of 19 properties located across 10 states in markets including Auburn, Alabama; Tempe, Arizona; Boulder, Colorado; State College, Pennsylvania; and Charlottesville and Petersburg, Virginia. Further details on the properties were not disclosed.  The communities were acquired by BREIT through a joint venture with Greystar Real Estate Partners in 2018. The acquisition was announced in conjunction with Greystar’s larger $4.6 …

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