Off-campus

Topaz

San Diego — Construction is underway on TOPAZ, a 169-bed student housing development located adjacent to the San Diego State University campus. The project is being developed by Pierce Education Properties in a joint venture with an undisclosed entity. The community will offer 53 units in one- to four-bedroom configurations with bed-to-bath parity. Select units will offer upgrades, including two ‘penthouse’ units on the upper level, which will feature balconies and 70-inch smart televisions; and four units will include a billiards table in the common area along with a large …

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The-Park

Normal, Ill. — Draper and Kramer Inc. has arranged a $14.9 million loan for The Park at Constitution Trail Centre, a student housing development near the Illinois State University campus in Normal. The loan will retire existing debt on the first two phases of development at the site, and provide construction financing for Phase III of the project. Matthew Wurtzebach of Draper and Kramer’s Commercial Finance Group secured the non-recourse financing on behalf of 100 McKnight LLC. The initial two phases of the community, which were delivered in stages between 2019 and …

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Mark-Philadelphia

Philadelphia — Landmark Properties has announced plans to develop The Mark Philadelphia, a 909-bed student housing project located at 3615 Chestnut St. in Philadelphia’s University City district. The community will offer studio to six-bedroom, fully furnished units near the University of Pennsylvania and Drexel University campuses. Shared amenities at the 34-story tower will include a rooftop swimming pool and hot tub with lounge space overlooking the Philadelphia skyline; 24-hour study lounges; a computer lab; sauna; 24-hour fitness center; and reserved parking for an additional fee. The development will also include …

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  The Nov. 2 webinar “Student Housing Demand — 2022 Review & 2023 Outlook,” hosted by Student Housing Business and sponsored by Yardi, covered the larger economic outlook, enrollment, the health of student housing and “shadow markets” (nearby apartments competing for residents), industry fundamentals (including preleasing, rent growth, supply and transactions) and Yardi Matrix forecasts. Declining enrollment and revenue are causing consolidations within some higher education systems, benefitting the most competitive universities. Learn what universities have experienced the most growth in preleasing, annual rent increases, the latest numbers on student housing completions, development forecasts and trends …

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  The Oct. 6 webinar “How to Make Data-Driven Decisions in Student Housing,” hosted by Student Housing Business and sponsored by CollegeHouse, focused on the value of data in student housing as well as the best ways to optimize investments and operational efforts in this space. If you’re interested in data collection that is both far-reaching and automated, this webinar will interest you. Hear from industry experts to learn best practices in the data-driven decision-making process. Learn about important metrics and analysis methods, how to approach recurring trends, responses to rates trending up or down and more. Watch the webinar here, and …

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    The July 20 webinar “The Rise of TikTok — How Student Housing Operators Can Generate Leases with TikTok“ hosted by Student Housing Business and sponsored by Conversion Logix, focused on the best ways for student housing operators to connect with prospective residents through the short-form video social media platform. Get a crash course in TikTok, why it’s growing in popularity, the benefits of running ads on the platform and information about what to expect when creating ads to generate interest in student housing. Converting social media views and interactions into leases can …

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Mark-Seattle

Seattle — Landmark Properties is set to break ground on The Mark at Seattle, a 500-bed student housing development located near the University of Washington campus. The Athens, Georgia-based company just closed on the acquisition of a development site for the project at 1200 NE 45th St. in Seattle. The community will offer a mix of one- to five-bedroom fully furnished units. Shared amenities will include a 24-hour study lounge, computer lab, fitness center, club room, rooftop deck with a swimming pool and a sauna, alongside 3,300 square feet of …

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Parallel-Project

College Station, Texas — Parallel has broken ground on a 750-bed student housing development located at 401 First St. near the Texas A&M University campus in College Station. The community will offer a mix of studio, one- and two-bedroom units including walk-up townhomes. Shared amenities are set to include a full-service smart market, influencer room, gaming lounge, dog park, swimming pool, spa, yoga room, fitness center, indoor study areas and outdoor gaming, dining and study space. The project is scheduled for completion in fall 2024. The development team for the …

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Victory-U

Seattle — Champion Real Estate Co. has acquired .33 acres of land at 700 NE 45th St. near the University of Washington campus in Seattle for the development of a 516-bed student housing community. Dylan Simon of Kidder Matthews represented Champion and the undisclosed seller of the development site, which was acquired for $7.3 million. Named Victory at the U, the community will offer fully furnished units alongside shared amenities including study and fitness centers, recreation space and a rooftop deck offering views of Lake Union. 

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Retreat-Fayetteville

Fayetteville, Ark. — Landmark Properties has begun construction on The Retreat at Fayetteville, a 585-bed student housing development located adjacent to the University of Arkansas campus in Fayetteville.  Located at 1030 Razorback Road, the community will offer a mix of two- to five-bedroom, fully furnished units. Shared amenities will include outdoor green space with a putting green and bocce ball area; 24-hour study lounge; computer lab; fitness center; resort-style swimming pool and hot tub; grilling area; and a fire pit. The property will also feature 1,000 square feet of ground …

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