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Cottages-San-Marcos
Investment SalesNewsTexas

CBRE Arranges Sale of 899-Bed Community Near Texas State University 

by Katie Sloan

San Marcos, Texas — CBRE has arranged the sale of Cottages at San Marcos, an 899-bed student housing community located at 1415 Craddock Ave. near the Texas State University campus in San Marcos. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE arranged the disposition on behalf of the seller, an undisclosed Singapore-based global real estate company. The buyer and terms of the transaction were not released. Built in 2014, the community offers 194 cottage and townhome units in three-, four-, five- and six-bedroom configurations. Shared amenities include a 12,000-square-foot clubhouse; …

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The-Edge
FinanceInvestment SalesNewsTexas

BWE Arranges $23.5 Million Acquisition Loan for Student Housing Property Near Texas State University

by Katie Sloan

San Marcos, Texas — BWE has arranged a $23.5 million acquisition loan for The Edge, a 553-bed student housing property that serves students at Texas State University in San Marcos. The Edge is located less than a mile from campus and offers one-, two-, three- and four-bedroom floor plans across 173 units. Amenities include a fitness center, clubhouse, study areas and a basketball court. Chris Carroll and Max Miller of BWE arranged the financing through Chicago-based Byline Bank. The borrower, Campus Realty Advisors, plans to use a portion of the proceeds …

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Innovator-Awards
NewsTexas

The 15th Annual Innovator Awards Honor Best in Industry

by Katie Sloan

Austin, Texas — Thursday evening, April 10, Student Housing Business presented 27 prestigious Innovator Awards to student housing owners, developers, operators, architecture firms and universities for excellence in student housing development, marketing and operations. More than 100 industry experts judged on more than 145 entries in this year’s contest. The Innovator Awards were presented during the InterFace Student Housing conference at the JW Marriott in Austin, Texas. Look out for more details on the winning projects in the May/June issue of Student Housing Business magazine. Winners are listed by category, project and winning team. Project …

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Christopher-Kott
Company NewsNewsTexas

LV Collective Hires Christopher Kott as Executive Vice President of Acquisitions

by Katie Sloan

Austin, Texas — LV Collective has hired Christopher Kott as executive vice president of acquisitions. In his new position, Kott will play a critical role in identifying, evaluating and executing property acquisitions to expand the Austin, Texas-based firm’s portfolio. He brings over a decade of experience in commercial real estate to the role, previously serving as the managing director of acquisitions and investment at Virtus Real Estate Capital. “With an impressive track record in multifamily and student housing investments and acquisitions, Kott brings the vision, expertise and strategic leadership needed to …

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Chris-Johnson
Company NewsNewsTexas

Chris Johnson Joins University Partners as Executive Vice President of Operations

by Katie Sloan

Dallas — Chris Johnson has joined University Partners as executive vice president of operations. In his new role, Johnson will optimize asset performance and drive efficiency across the Dallas-based organization. He joins University Partners from multifamily real estate investment trust UDR where he served as senior vice president of property operations, leading a portfolio of over 60,000 units. “Chris’ scaled expertise in portfolio operations, revenue management and platform innovation make him an incredible addition to our leadership team,” says CEO Travis Roberts. “As University Partners continues to expand, his experience and …

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Tailwind-Huntsville
Investment SalesNewsTexas

Tailwind Group Acquires 792-Bed Property Near Sam Houston State University

by Katie Sloan

Huntsville, Texas — Tailwind Group has acquired Connection at Huntsville, a 792-bed student housing property located adjacent to the Sam Houston State University campus in Huntsville. Brandon Buell of Berkadia arranged the acquisition of the property from an undisclosed seller. Terms of the transaction were not released. The community offers 288 units in one-, two-, three- and four-bedroom configurations. Shared amenities include shuttle service to campus, multiple pools, a 24-hour fitness center, dog park, basketball court, two sand volleyball courts and study spaces including a 24-hour computer lab. The new ownership …

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FinanceNewsTexas

Seven Hills Realty Provides $18.5 Million Refinancing for Student Housing Property Near Baylor University

by Katie Sloan

Waco, Texas — Seven Hills Realty Trust, an affiliate of Boston-based investment firm RMR Group, has provided an $18.5 million bridge loan for the refinancing of LL Sams, a 271-bed community that serves students at Baylor University in Waco. The building is adjacent to campus and offers units in one-, two-, three-, four- and five-bedroom floor plans. Amenities include a pool, fitness studio, resident clubhouse, package lockers and private study pods. JLL arranged the three-year loan on behalf of the borrower, California-based Shore to Shore Properties.

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Preiss-Recap
FinanceFloridaIndianaNewsNorth CarolinaTexas

The Preiss Co. Recapitalizes Five-Property Student Housing Portfolio 

by Katie Sloan

Raleigh, N.C. — The Preiss Co. has recapitalized a portfolio of five undisclosed student housing properties. The communities span 3,700 beds and serve students attending The University of Texas at Austin, North Carolina State University, Texas State University, The University of Florida and Indiana University. Details of the recapitalization were not released. As part of the recapitalization, all five properties will undergo renovations to shared amenity spaces. Planned upgrades include the addition of modern furniture, updated finishes and state-of-the-art fitness equipment. Several properties will also receive unit interior renovations including the …

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Company NewsNewsTexas

C1 Development Announces Three Strategic Hires

by Katie Sloan

Austin, Texas — C1 Development has announced three strategic hires. David Helfrich has joined the Austin, Texas-based firm as president; Dan Koebel has been named managing director; and Greg Johnson has joined the company as development manager. In his new position, Helfrich will lead the firm’s ground-up development and co-development strategies. He is responsible for overseeing all aspects of C1’s development platform, including sourcing, capitalization and execution of new projects. He previously served as president of development with Aspen Heights Partners.  Koebel will focus on leading the firm’s student housing development …

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Corey-Toscano
Company NewsNewsTexas

University Furnishings Appoints Corey Toscano to Business Development Specialist

by Katie Sloan

Dallas — University Furnishings has appointed Corey Toscano to the role of business development specialist. Toscano brings extensive experience in strategic partnership development and market expansion to the role, having previously served with Tripalink and Varsity Campus. “We are thrilled to welcome Corey at this critical juncture, as University Furnishings deepens client relationships and expands its scope of services,” says CEO of the Dallas-based firm Paul Dougan. “His industry knowledge and customer-centric philosophy will be essential as we advance our comprehensive interior solutions platform and engage earlier and more deeply with …

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