Texas

Houston — The Dinerstein Cos. (TDC) has promoted three employees within the firm’s leadership team. Clay Hicks has been promoted to chief administrative officer. In his new role, Hicks will spearhead efforts to streamline operations and ensure alignment across the Houston-based company’s five divisions. Hicks joined TDC in 2015 as president of apartment management. Additionally, Aryne Bailey and Crystal Jackson have been promoted to executive vice president within the firm’s management division. Together, Bailey and Jackson will jointly oversee the day-to-day operations of TDC’s portfolio, with Bailey focusing on student …

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Dena-Costello

Sugar Land, Texas — Cobblestone Development & Consulting has hired Dena Costello as chief operating officer. Costello will also act as president of the Sugar Land, Texas-based company’s asset management and operating platforms, Cobb Asset Solutions and Cobb Campus. In her new role, Costello will spearhead the firm’s portfolio growth and optimize business performance. Prior to joining Cobblestone, Costello held key positions at Campus Advantage and Yugo. “Dena’s appointment marks a pivotal moment for Cobblestone Development as we continue to redefine the real estate landscape with innovative solutions,” says CEO …

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Texan-26

Austin, Texas — Asset Living has been awarded management of Texan 26, a student housing property located in the West Campus neighborhood of Austin. Serving students attending the University of Texas at Austin, the property offers two-, three-, four-, five-, six- and seven-bedroom units. Shared amenities include a renovated courtyard with outdoor study space, social seating and a fire pit; coffee bar; and a covered parking garage. 

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ACC

Austin, Texas — American Campus Communities (ACC) has announced a number of leadership promotions. Kimmy Kelley has been promoted to chief marketing officer. In her new position, Kelley will lead the Austin, Texas-based company’s leasing and marketing initiatives using data science, analysis and marketing technology, while serving as a driver in implementing the company’s technology roadmap. Jamie Wilhelm has been promoted to chief development officer. He will oversee ACC’s external development growth strategy, which encompasses all aspects of development, including the company’s public-private partnership business, construction management, development and strategic …

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Mustang-Village

Jacksonville, Ala. and Wichita Falls, Texas — Calidus has received $25 million for the refinancing of two student housing properties in Alabama and Texas. Communities include Mustang Village, located less than one mile from the Midwestern State University campus in Wichita Falls, Texas; and Gamecock Village, located blocks away from the Jacksonville State University campus in Jacksonville, Alabama. The properties offer a combined 504 beds in two- and three-bedroom units with bed-to-bath parity. Shared amenities at both properties include resort-style swimming pools, fitness centers, game rooms, study space, sand volleyball …

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Oso-Verde

Waco, Texas — JLL has brokered the sale of Oso Verde, a 297-bed student housing property located near the Baylor University campus in Waco. Teddy Leatherman, Scott Clifton and Kevin Kazlow of JLL worked on behalf of the seller, Bullseye Development, and the buyer, Versity Invest, in the transaction. Oso Verde offers 103 fully furnished units in one-, two-, four- and five-bedroom configurations. Units feature bed-to-bath parity and patios and balconies. Shared amenities include shuttle service to campus; a resort-style swimming pool with a lounge deck; fitness center; volleyball and …

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Texan-26

Austin, Texas — The Bascom Group has acquired Texan 26, a 204-bed student housing community located near the University of Texas at Austin. Built in 2014, the property offers 53 units in two-, three-, four-, five-, six- and seven-bedroom configurations. Tyler Marshall and Richard Waterhouse with Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. Trent Houchin, Ben Roelke and Ian Walker of Newmark secured financing for the acquisition through Bridge Investment Group. Asset Living has been tapped to manage the community.

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Standard-Austin

Austin, Texas — Landmark Properties has recapitalized The Standard at Austin, a 934-bed student housing community located at 715 W. 23rd St. near the University of Texas at Austin campus. TSB Capital Advisors secured debt for the transaction. Completed in 2021, the development offers studio through six-bedroom units. Shared amenities include a state-of-the-art fitness center, study lounges and a rooftop pool deck with a jumbotron. The property won Student Housing Business’ Innovator Award for ‘Off Campus: Best Architecture & Design with More Than 400 Beds’ in 2022. Further details on …

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University-Village

Fort Worth, Texas — Greysteel has arranged the sale of University Village, a 16-unit multifamily property located one block from Texas Christian University (TCU) in Fort Worth. The community is the closest off-campus housing option for TCU students, according to Greysteel. Andrew Mueller of the company’s national multifamily team arranged the sale on behalf of the undisclosed buyer and seller. Further details on the property were not provided. 

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Houston — Ascendant Development has completed Haven at Elgin, a 649-bed student housing project that serves students at the University of Houston. The 16-story building sits on a 1.3-acre site that is adjacent to campus. Units range in size from 497 to 1,985 square feet and are furnished with vinyl plank flooring, granite countertops, kitchen backsplashes and stainless steel appliances. Amenities include study rooms on every floor, a fitness center with yoga and spin studios, outdoor kitchen space and a resort-style saltwater pool.

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