Texas

Saltus

Lubbock, Texas — McGrath Real Estate Partners has announced plans for The Saltus, a student housing development located near the Texas Tech University campus in Lubbock. The project is named after the city’s namesake, Thomas Saltus Lubbock, and is scheduled for completion in fall 2025. The project will offer one- to five-bedroom units in nine different configurations ranging from 559 square feet to 2,025 square feet. Shared amenities will include a resort-style swimming pool with cabanas; outdoor table tennis; two pickle-ball courts; dog park; corn hole boards; an outdoor amphitheater; and a …

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Austin, Texas — American Campus Communities has announced the promotion of Laura Mack to senior vice president and chief accounting officer, and Blane Cheatham to vice president of finance and strategic initiatives. Mack previously served as vice president of property accounting. In her new role, Mack will oversee the consolidation of all accounting and shared financial services functions. Cheatham most recently served as vice president of investor relations. In his new role, Cheatham will oversee all corporate financial planning and analysis, debt and treasury functions while driving business intelligence initiatives. 

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Dallas — CBRE has appointed Kelli Carhart to the position of executive managing director and leader of multifamily capital markets for the United States. Carhart will lead CBRE’s multifamily services, which include investment sales and financing. She will oversee expansion of CBRE’s multifamily business nationally across five regions, with leaders appointed for each area: Eli Hanacek in the Northwest, Asher Gunter in the Southwest, Danny Baker in the central region, and Shea Campbell in the Southeast. A leader for the Northeast region has not yet been announced. Carhart succeeds Brian …

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Jonathan-Reyes

Austin, Texas — LV Collective has promoted Jonathan Reyes to president of student housing. In his new role, Reyes will focus on the operational, asset management and capital markets aspects of the Austin, Texas-based company’s student housing platform. He previously served as executive vice president of acquisitions. Prior to joining LV Collective, Reyes served as director of acquisitions for Nimes Real Estate and held leadership positions with Harrison Street and American Campus Communities. “Student housing is a key part of the work we do at LV, and no one is …

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Rob-Palleschi

Austin, Texas — American Campus Communities has appointed Rob Palleschi as the company’s CEO as part of a succession plan, effective January 17. Co-founder and current CEO Bill Bayless will be transitioning to vice chair of the company. The changes come five months after the ACC was acquired by Blackstone. Palleschi most recently served as CEO of Carrollton, Texas-based G6 Hospitality — owner of the Motel 6 brand — also owned by Blackstone, which he headed for five years. Palleschi was previously CEO of TGI Fridays, and prior to that …

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21-Rio

Austin, Texas — TSB Realty has arranged the sale of 21 Rio, a 296-bed student housing community located near the University of Texas at Austin. Nimes Real Estate purchased the property from a joint venture between CA Student Living and Principal Real Estate for an undisclosed price. TSB Capital Advisors arranged acquisition financing on behalf of the buyer. Built in 2009, the 21-story property offers one-, two- and three-bedroom units with a parking garage and 2,680 square feet of ground floor retail. Shared amenities include a 24-hour fitness center, rooftop …

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11th-street-flats

Waco, Texas — Newsome Development and Investments has sold 11th Street Flats, a 134-bed student housing property located near Baylor University in Waco. Teddy Leatherman, Stewart Hayes and Scott Clifton of JLL represented the seller in the disposition of the property to Waterway Family Funds. The community was constructed in 2015 and offers 45 units in a mix of two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, study lounge and deck with campus views. The property is fully leased to Baylor University through fall …

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Loft-Vue

Fort Worth, Texas — Campus Life & Style has been awarded management of Loft Vue, a 147-bed student housing property located near Texas Christian University in Fort Worth. The community is owned by Hilmar Investments and is 98 percent occupied for the current academic year. The property offers a mix of one-, two-, four- and five-bedroom units. Shared amenities include a swimming pool, 24-hour fitness center, sauna, study room and grilling areas. Exterior updates are planned for Loft Vue, which recently received common area renovations. 

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Kim-Voss

Austin, Texas — American Campus Communities (ACC) has promoted Kim Voss to the role of chief financial officer. She will be taking over the CFO position from Daniel Perry, who is retiring from the Austin, Texas-based company after serving ACC for almost 18 years in a variety of roles. Voss joined ACC in 2004 as an SEC reporting manager, where she led financial operations through the initial public offering. Throughout her 18-year tenure, she has led the company’s accounting and financial reporting functions including SEC reporting, technical accounting, Sarbanes Oxley …

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CLS-View-Square

San Marcos, Texas — Campus Life & Style (CLS) has been awarded management of The View on the Square, a 390-bed student housing property located near Texas State University in San Marcos. The community, which is owned by Celmark Development, offers a mix of studio, one-, two-, four- and five-bedroom units. Shared amenities include a resort-style swimming pool, cabanas, hammocks, private study rooms, a barbecue grilling area and fire pit, fitness center, yoga studio, car charging stations and a parking garage. “We are excited that Celmark Development has entrusted CLS …

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