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Alight-Columbia
Investment SalesNewsSouth Carolina

Campus Advantage, Tramview Capital Acquire 700-Bed Community Near University of South Carolina

by Katie Sloan

Columbia, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership plans to rebrand the 206-unit property The Radley. The community offers a mix of two- and four-bedroom units alongside shared amenities including a fitness center, swimming pool, outdoor grilling station, tennis courts, basketball and sand volleyball courts, and a resident clubhouse and business center. 

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ACC-PQ
Company NewsNewsTexas

American Campus Communities Announces Partnership with Hilton

by Katie Sloan

Austin, Texas — American Campus Communities (ACC) has announced a partnership with Hilton hospitality group. Through the partnership, ACC residents that are members of the Hilton Honors program will have access to exclusive benefits including 15 percent off the best available Hilton room rates and an accelerated track to Hilton Honors elite status. “We’re committed to enhancing the student experience by creating communities that support students’ academic and personal journeys,” says Kimmy Kelley, chief marketing officer of Austin, Texas-based ACC. “We believe that a fulfilling college experience extends beyond the classroom, …

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The-Ridge
Investment SalesNewsSouth Carolina

Landmark Properties Acquires 616-Bed Community Near Clemson University

by Katie Sloan

Clemson, S.C. — Landmark Properties has acquired The Ridge Clemson, a 616-bed student housing community located at 205 Tiliwa Court near the Clemson University campus in South Carolina. Built in 2018, the property offers 184 fully furnished units in a mix of two-bedroom apartments and four-bedroom townhomes. Shared amenities include a resort-style swimming pool, lazy river, hot tub, jumbotron, clubhouse, full basketball court, dog park, fitness center, study lounges and a coffee bar. TSB Capital Advisors coordinated financing for the acquisition, the terms of which were not disclosed. The community was …

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LV-West-Lafayette
DevelopmentIndianaNews

LV Collective, Harrison Street to Break Ground on 800,000-Square-Foot Development Near Purdue University

by Katie Sloan

West Lafayette, Ind. — A joint venture partnership between LV Collective and Harrison Street is set to break ground on Rambler Levee District, an 800,000-square-foot student housing development located near the Purdue University campus in West Lafayette. The community will offer 583 units across two buildings upon completion, which is scheduled for fall 2027. Shared amenities including co-working spaces, private study and conference rooms, a clubroom, multiple swimming pools, internal courtyards, fitness facilities, yoga and fitness on-demand studios, saunas and a resident lounge. The community will also feature a 20,000-square-foot public …

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Garden-Village
CaliforniaFinanceInvestment SalesNews

Hawkins Way Capital Receives $45 Million Acquisition Financing for Garden Village in Berkeley, California

by Katie Sloan

Berkeley, Calif. — Hawkins Way Capital has received $45 million in acquisition financing for Garden Village, a 225-bed student housing community located near the University of California, Berkeley campus. Brandon Smith, Annie Rice and Gyasi Edmondson of JLL Capital Markets secured the two-year, floating-rate financing through Limekiln Real Estate Investment Management on behalf of the borrower. The community was developed in 2016 and spans 64,301 square feet across 18 buildings. The new ownership plans to rebrand the property FOUND Study Southside Berkeley, and it will be managed by FCL Management. Built …

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Aspire-College-Station_Texas
IllinoisInvestment SalesNews

Harrison Street Sells 8,724-Bed Student Housing Portfolio to Scion Group for $893 Million

by Katie Sloan

Chicago — Investment management firm Harrison Street has sold a student housing portfolio for $893 million. Affiliates of The Scion Group and an institutional investor were the buyers.  Totaling 8,724 student housing beds, the portfolio features 14 properties located at 13 universities. Situated across 11 states, the student housing developments serve universities including the University of Arkansas, Texas A&M and the University of Missouri.  Chicago-based Harrison Street was founded in 2005 and has invested across the seniors housing, student housing, build-to-rent, healthcare, life sciences and self-storage sectors. The company’s current …

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Garden-Village
Company NewsFloridaNews

Franklin Street Launches Student Housing Division of Institutional Services Group

by Katie Sloan

Tampa, Fla. — Franklin Street has launched a new division of its Institutional Services Group focused on student housing.  The group will be led by an eight-person, Cincinnati-based student housing investment sales team that previously worked with Marcus & Millichap. This team acquisition is the largest by the firm since Franklin Street’s inception in 2006.  The group will focus on institutional transactions valued at over $25 million, and bring over six decades of combined commercial transaction experience to the Tampa, Florida-based firm.  “This is an important day for Franklin Street and …

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Company NewsIllinoisNews

Core Spaces Announces Executive Leadership Promotions, Hires

by Katie Sloan

Chicago — Core Spaces has announced several changes to the Chicago-based firm’s executive leadership team. Sean Devine has been hired to the role of executive vice president of property operations and experience. Devine will lead the company’s operational teams across its student housing and build-to-rent arms. He previously oversaw 70,000 beds as vice president of student housing operations at Cardinal Group.  Jennifer Holmes has transitioned to the role of chief operating officer. She most recently served as the firm’s chief financial officer. In her new role, Holmes will oversee multiple departments …

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Wes Rogers Quote
DevelopmentMarylandNews

Landmark Properties Plans 2,079-Bed Student Housing Development Near University of Maryland

by Katie Sloan

College Park, Md. — Landmark Properties has announced plans for The Mark College Park, a 2,079-bed student housing development located adjacent to the University of Maryland campus in College Park. The proposed project would be located on a 4.53-acre site currently occupied by two condominium buildings. Landmark plans to acquire the buildings and land for the development in 2026. The community will span two, 10-story buildings offering 601 fully furnished units in studio through five-bedroom configurations. Shared amenities will span across three ground-floor amenity spaces and an oversized amenity deck atop the …

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426-S-Fourth
Investment SalesMichiganNews

Colliers Arranges Sale of Six-Unit Community Near University of Michigan

by Katie Sloan

Ann Arbor, Mich. — Colliers has arranged the sale of 426 S. Fourth Ave., a six-unit student housing community located near the University of Michigan campus in Ann Arbor. Ryan Ferris of Colliers represented the undisclosed seller in the disposition of the property to an undisclosed private investor. Terms of the transaction were not released. 

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