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 …
Texas
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 …
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 …
Seven Hills Realty Provides $18.5 Million Refinancing for Student Housing Property Near Baylor University
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.
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 …
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 …
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 …
Subtext, Larson Capital Management to Develop 1,738-Bed Student Housing Project Near Texas A&M University
College Station, Texas — Subtext has partnered with Larson Capital Management for a two-phase student housing development near Texas A&M University in College Station. The project will include EVER College Station (176 units, 545 beds) and VERVE College Station (382 units, 1,193 beds), which will be situated across the street from one another in the city’s Northgate Entertainment District, less than two blocks from campus. EVER will rise seven stories at 401 Stasney St. and include 420 parking spaces, while VERVE will rise 21 stories at 311 Stasney St. and …
San Marcos, Texas — Campus Realty Advisors has acquired The Edge, a 553-bed student housing property located near the Texas State University campus in San Marcos. The community offers a mix of one-, two-, three- and four-bedroom units alongside shared amenities including a fitness center, clubhouse and basketball court. Chris Carroll and Max Miller of BWE secured a $23.5 million financing for the acquisition and renovation of the property. Planned upgrades to the community include the addition of new flooring, cabinets and doors, as well as upgraded bathroom fixtures and improved …
College Station, Texas — Pinecrest has broken ground on The Penny on College Main, a 605-bed student housing development located at 415 College Main St. near the Texas A&M University campus in College Station. The property will offer 199 units in studio, one-, two-, three-, four- and five-bedroom configurations with bed-to-bath parity, including townhomes. Shared amenities will include multiple study spaces, a resort-style pool, pickleball court, state-of-the-art fitness center, package lockers, an automated market and a pet relief area and washroom. The development team for the project, which is scheduled for …