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Umpqua Community College Acquires Three Buildings for Conversion to Student Housing in Roseburg, Oregon

by Katie Sloan

Roseburg, Ore. — Umpqua Community College (UCC) has acquired three buildings near its campus in downtown Roseburg for conversion into student housing. The buildings, which total 62,000 square feet, were acquired for $1.9 million. Construction to upgrade and remodel the properties will begin this summer and will continue in phases over the next few years. The purchases are part of the college’s strategic plan to grow programming and ensure that out-of-area students have housing available. “There is a lot of buzz in the state about workforce housing — over 70 …

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Investment SalesNewsOregon

Marcus & Millichap Arranges Sale of 650-Bed Community Near the University of Oregon

by Katie Sloan

Eugene, Ore. — Marcus & Millichap has arranged the sale of Ducks Village, a 650-bed student housing property located near the University of Oregon campus in Eugene. The 22-building community offers 230 units. Shared amenities include a renovated clubhouse, resort-style swimming pool, fire pits, a fitness center, basketball courts and a tanning booth. Joel Dumes and Patrick Mullowney of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer in the transaction. 

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Chapter-Eugene
DevelopmentNewsOregon

Joint Venture to Begin Construction on 12-Story Student Housing Community near University of Oregon

by Katie Sloan

Eugene, Ore. — A joint venture between CRG and Kenter Capital has secured the land and construction financing for Chapter at Eugene, a 12-story student housing development located near the University of Oregon campus in Eugene. Construction is set to begin later this month, with completion scheduled for fall 2024. Located at 754 E. 13th Ave., the community will offer 302 beds in studio, two-, three-, four- and five-bedroom units. Shared amenities will include a 5,000-square-foot rooftop recreation deck with a dog run, dining areas and fire pits; a 12th …

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Element
Investment SalesNewsOregon

PTLA Real Estate Acquires Four-Property Student Housing Portfolio Near the University of Oregon

by Katie Sloan

Eugene, Ore. — PTLA Real Estate has acquired a four-property student housing portfolio near the University of Oregon campus in Eugene. The communities — named The Anthony, The Pearl, Westgate and The Sonja — offer a total of 186 units and 383 beds. The properties were 95 percent leased ahead of the current academic year. The portfolio recently underwent roughly $2 million in renovations, including updates to shared amenity spaces. Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE’s National Student Housing team and Josh McDonald with CBRE’s Northwest Multifamily Investment Sales team arranged the transaction …

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Investment SalesNewsOregon

Cardinal Group, TPG Real Estate Acquire Four-Property Student Housing Portfolio Near the University of Oregon

by Katie Sloan

Eugene, Ore. — A joint venture between Cardinal Group Investments and TPG Real Estate Partners (TREP) has acquired The Element Portfolio, a four-property student housing portfolio serving students attending the University of Oregon in Eugene. The 383-bed portfolio is located within walking distance of campus. The new ownership plans to enhance the portfolio through in-unit renovations; furnishing units at three communities; and amenity space enhancements. Unit upgrades will include updated flooring, stainless appliances, new faucets and bathroom vanities, and new paint throughout. The properties will be managed by Cardinal Group …

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Union on Broadway
DevelopmentFinanceNewsOff-campusOregon

JLL Arranges $60 Million Construction Financing for Mixed-Use Development Near University of Oregon

by Katie Sloan

Eugene, Ore. — JLL Capital Markets has arranged $60 million in construction financing for Union on Broadway, a mixed-use student housing development located at 476 E. Broadway St. near the University of Oregon in Eugene. Charles Halladay, Jordan Angel, Chris Ross, Teddy Leatherman, Stewart Hayes and Taylor Gimian of JLL worked on behalf of the borrowers, Greystar and Star America, to secure the loan with Pacific Western Bank. The 338,130-square-foot community will offer 608 beds in fully furnished units with bed-to-bath parity. Shared amenities will include ground floor retail, a fitness …

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Apollo
ArizonaDevelopmentGeorgiaMarylandNewsOregonRhode Island

Gilbane Development Completes Four Student Housing Developments Totaling 3,000 Beds

by Katie Sloan

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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ConnecticutFloridaLouisianaNewsNorth CarolinaOperationsOregonSouth CarolinaTennessee

Landmark Properties Adds 11 Communities to Management Portfolio Totaling 5,400 Beds

by Katie Sloan

Athens, Ga. — Landmark Properties has been awarded management of 11 student housing communities totaling 5,400 beds. The Athens-based company’s new assignments are located in Tennessee, Oregon, South Carolina, Florida, Louisiana, Connecticut and North Carolina. Properties Include:  “As we continue developing and managing our owned properties, we also remain keenly focused on our third-party management business,” says James Whitley, COO of Landmark Properties. “This allows us to bring our deep industry and operational knowledge, as well as unsurpassed college living experiences, to more student housing developments across the country.”

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