Reading, Pa. —MPG Impact Development, an affiliate of Mediplex Property Group, has completed a 365-bed student housing development located adjacent to the Albright College campus in Reading. The five-story community spans 135,000 square feet and offers suite-style units in single- and double-occupancy configurations. The property is master-leased to Albright College and offers lounge areas on each floor.
Atlanta — PeakMade Real Estate has been awarded management of 10 student housing communities totaling 6,500 beds. The company was also recently awarded management of four multifamily communities totaling 500 units. The properties are owned by 14 different companies and span nine states, including California, Georgia, Florida, Nevada, Pennsylvania, South Carolina, Texas and Virginia. Five of the student housing projects are currently under development. The portfolio includes Reflection, a student housing community located adjacent to the Georgia State University campus in Atlanta. Further details on the portfolio were not disclosed. …
State College, Pa. — Pierce Education Properties has acquired two student housing communities located near the Pennsylvania State University campus in State College. Acquisitions include The Bryn and Tremont Student Living. Constructed in 1995, The Bryn is composed of 11 buildings offering 684 beds in two-, three- and four-bedroom units. Tremont was developed in 1996 and is composed of 17 buildings. The property offers 696 beds in two- and four-bedroom units. Both properties offer bed-to-bath parity and shared amenities including swimming pools with sun decks, hot tubs, study rooms, fitness …
York, Pa. — Todd Duncan has joined contract furniture provider Blockhouse as the York-based company’s director of higher education. Duncan brings decades of experience to the position, including multiple appointments as a director of housing and residence life and university administrator. Most recently, Duncan served as the senior associate vice president of campus services at the University of Cincinnati.
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, …
Shippensburg, Pa. — Scope Commercial Real Estate Services (SCOPE) has arranged the $13.3 million sale of Maverick Apartments, a 480-bed community located near Shippensburg University in Pennsylvania. Fahd Malik of SCOPE represented the seller, Maverick Apartments LLC, in the disposition of the property to an undisclosed buyer. The ten-building community recently underwent $1.5 million in capital improvements. The property offers 120, four-bedroom units in standard and loft configurations.
Newtown Square, Pa. — GMH Communities has hired Nick Lee to the role of chief acquisitions officer. In his new position, Lee will oversee the Newtown Square, Pennsylvania-based company’s strategic acquisition of commercial real estate across the U.S., including student housing and life sciences properties. Prior to his new role, Lee spent six years with Blue Vista Capital Management, where he most recently served as senior vice president. “GMH Communities is thrilled to continue advancing our growth with the addition of Nick Lee, an experienced investment professional with a proven track …
Scranton, Pa. — Campus Kaizen has launched student housing management software MCR Housing. The software offers a comprehensive system that helps student housing staff members manage housing and assignment functions, including housing applications, dining plans, roommate matching and room selection, and payments and billing. Scranton-based Campus Kaizen offers additional software platforms including Guardian, which aids with incident reporting and case management; and My College Roomie, a web-based roommate matching platform.
Philadelphia — Landmark Properties has announced plans to develop The Mark Philadelphia, a 909-bed student housing project located at 3615 Chestnut St. in Philadelphia’s University City district. The community will offer studio to six-bedroom, fully furnished units near the University of Pennsylvania and Drexel University campuses. Shared amenities at the 34-story tower will include a rooftop swimming pool and hot tub with lounge space overlooking the Philadelphia skyline; 24-hour study lounges; a computer lab; sauna; 24-hour fitness center; and reserved parking for an additional fee. The development will also include …
Pittsburgh — Duquesne University, in a public-private partnership with Harrison Street and Radnor Property Group, has announced plans to develop a 556-bed residence hall. The community will be located on Forbes Avenue within the university’s campus in Pittsburgh. The 11-story building will feature bicycle parking, a fitness area and outdoor courtyards accessible to residents, students attending the university and the greater Pittsburgh community. The development is targeting upperclassmen and graduate students, and will offer 216 apartment units upon completion. “We are excited to be able to offer an additional, vibrant …
