Denton, Texas — Rael Development Corp. has broken ground on Charme on Eagle, a 463-bed student housing development located near the University of North Texas campus in Denton. Set for delivery in fall 2026, the community will offers 192 units in studio through four-bedroom configurations. Further details on the project were not disclosed. The development is Rael’s second in the Denton market, following CityParc at Fry Street.
Texas
San Marcos, Texas — Orion Real Estate Partners has refinanced The Timbers, a 253-bed student housing community located near the Texas State University campus in San Marcos. Dan Kearns, Patricia Heminger, Rebecca Brielmaier and Katia Novi of JLL worked on behalf of the borrower to place the loan through Freddie Mac, which will be serviced by JLL Real Estate Capital. Located at 900 Peques St., the community offers 155 units in one-, two- and three-bedroom configurations. Select apartments offer wood-burning fireplaces and vaulted ceilings. Shared amenities include a clubhouse with an …
Northmarq Arranges Construction Financing for 142-Unit Development Near University of Texas at Austin
Austin, Texas — Northmarq has arranged construction financing for Avalon Pointe, a 142-unit student housing development located near the University of Texas in Austin’s West Campus neighborhood. The 10-story community will offer studio, one- and two-bedroom units. Shared amenities will include a first-floor study lounge, fitness center, electric vehicle charging stations and a 10th floor social room. Cheryl Higley, Ryan Shoars, Noah Villicana and Haylee Williamson of Northmarq’s Austin debt and equity team secured the financing on behalf of an undisclosed borrower. The financing allows up to 75 percent loan-to-cost and offers …
American Campus Communities Delivers Six Student Housing Projects Totaling 3,867 Beds
Austin, Texas — American Campus Communities (ACC) has delivered six student housing projects totaling 3,867 beds. Development costs for the portfolio totaled $855 million. New deliveries include: Meadows Apartments: a 604-bed development serving students attending Princeton University in Princeton, New Jersey. The project achieved LEED Silver certification and features apartment-style units with shared amenities including a communal kitchen, children’s playroom and a market/café. ACC was the third-party developer and acts as facilities manager for the community. Casa del Valle: a 507-bed development serving students attending Arizona State University’s West Campus in …
Denton, Texas — Vesper Holdings has acquired Midtown 905, a 432-bed student housing community located near the University of North Texas campus in Denton. Built in 2011, the four-story community offers fully furnished units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a clubhouse, resort-style swimming pool, game room, coffee bar and covered parking. Vesper plans to begin $1.8 million in renovations to the property, which will include shared amenity and unit upgrades as well as updated technology throughout. The seller and terms of the transaction were …
Beverly Hills, Calif. — Kennedy Wilson has provided two senior construction loans for the development of student housing communities in Wisconsin and Texas. The Beverly Hills-based firm provided financing to an undisclosed borrower for the development of Charme on Eagle, a 463-bed project located near the University of North Texas in Denton. The second loan was provided to an undisclosed borrower for a 910-bed development located near the University of Wisconsin campus in Madison. Each of the projects will offer high-end amenities including resort-style swimming pools and spas, fitness centers, private …
Austin, Texas — LV Collective has hired Alex Perkins as president of multifamily. In his new role, Perkins will execute the Austin, Texas-based firm’s multifamily platform, overseeing strategy, development, capital markets, operations and asset management. He brings over a decade of experience in commercial real estate to the role, previously serving as a director for Greystar Development and Construction Services. “Alex’s extensive experience and innovative approach make him an outstanding addition to our team as we continue to expand our footprint in multifamily development,” says LV Collective CEO, David Kanne. “His …
Denton, Texas — Vesper Holdings has acquired Gateway at Denton, a 696-bed student housing community located near the University of North Texas campus in Denton. Built in 2005, the three-story property offers fully furnished units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a state-of-the-art fitness center, three resort-style swimming pools, a hot tub, basketball court, study spaces, a computer lab and clubhouse. Vesper plans to invest $4 million in capital improvements to the property, which will include unit updates and technological upgrades, as well as the …
College Station, Texas — Parallel has completed Otto, a 745-bed student housing development located in College Station’s Northgate District near the Texas A&M University campus. The property offers units in studio through six-bedroom configurations alongside shared amenities including a resort-style swimming pool, hot tub, outdoor kitchen, jumbotron, full-service smart market, dog spa, sky lounge and a luxury fitness and wellness center with a barre and yoga studio and dry saunas. The community also features multi-level lounges with coworking space, conference rooms and private study pods. The development team for the project …
Dallas — University Partners has hired Bryan Kam as president. Kam, who joins the Dallas-based firm after a decade-long tenure with global investment firm KKR, will be stepping into the newly created leadership role to oversee key business functions and drive strategic growth. “Bryan has played a major role in the success of University Partners since we started in 2016, his deep experience in real estate investment, combined with his strategic vision, makes him an ideal fit to help lead University Partners as we continue to grow,” says Principal and CEO …