On-campus

Gilbane-Purdue

Fort Wayne, Ind. — A public-private partnership between Gilbane and Purdue University Fort Wayne is set to break ground on a 600-bed residence hall. The 213,000-square-foot project will be located near Ginsberg Hall on the university’s North Campus in Fort Wayne.  The community will rise four stories and offer units in studio through four-bedroom configurations. Shared amenities will include a convenience store, fitness center, gaming room, study spaces, lounges, a reception area, leasing office and multi-purpose space. The community will also offer outdoor amenities including a hammock farm, green spaces, a …

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TSU-P3

Nashville, Tenn. — Cobblestone Development & Consulting has announced plans for a 719-bed student housing community located across from the Tennessee State University campus in Nashville. The Industrial Development Board has approved the issuance of $180 million in bond financing for construction of the community, dubbed Cobblestone Village Residence, which will feature two buildings offering 155 units. The 280,000-square-foot development will offer units in three-, four- and five-bedroom configurations. Construction is expected to begin in June with completion planned for fall 2026. The development team for the project includes Lamar Johnson …

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UC-Santa-Cruz

Santa Cruz, Calif. — A public-private partnership between The University of California (UC) Santa Cruz and Redtree Partners is set to break ground on a residence hall development. The community will be located on Delaware Avenue and will offer 400 beds for upper-division undergraduate students and units for 60 university employees. The student housing portion of the project will offer rents priced at 20 percent below market rate and the employee housing will be priced at approximately 5 percent below market rate. Seven employee units will meet the city’s affordable housing …

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Chris Epp of Walker & Dunlop, Student Housing Fundamentals quote from article

Student housing is capturing the attention of developers, investors and institutional lenders as university enrollment and record rent gains position the sector to outperform other property types. That’s one of the dominant themes evident in Walker & Dunlop’s recently released 2024 Student Housing Outlook. Although transaction volume declined to $5.7 billion in 2023 from the previous year’s all-time high of $24 billion, strong operating fundamentals are attracting new entrants to the sector, including institutional investors and lenders. “Student housing is entering a resurgence where we predict continued outperformance relative to …

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Greystar-Radford

Seattle — A joint venture between Greystar Real Estate Partners and Provident Resources Group Inc. has secured $183 million in tax-exempt bond financing and completed the acquisition of two student housing communities on the University of Washington campus in Seattle. The communities, Nordheim Court and Radford Court, will now be owned by Provident under a ground lease agreement with the university and will be managed and operated by Greystar. Built in 2003, Nordheim Court offers 454 beds for upper-division students. The community is set to undergo renovations to residential units and …

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Kinsolving

Austin, Texas — The University of Texas at Austin has completed renovations to the lounge areas of Kinsolving Hall, an all-girls residence hall built in 1958. The five-story community features 19 student lounges that total 8,900 square feet and were redesigned by Pfluger Architects. The first floor lounges were designed to represent a home away from home; the second floor lounges took inspiration from the campus and encourage academic growth; the third floor features theming from the city of Austin; the fourth floor lounge areas encourage collaboration; and the fifth …

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La-Playa-Residence-Hall-Long-Beach-CA

Long Beach, Calif. — California State University, Long Beach (CSULB) has broken ground on La Playa Residence Hall, a 108,000-square-foot student housing project in Long Beach, located on the coast south of Los Angeles. Designed by Perkins & Will, the project is part of the State of California’s Higher Education Student Housing Grant Program, which aims to increase below-rate rental options for students living on campus. La Playa Residence Hall will add 424 beds to CSULB’s Hillside Housing village. The $115 million project will consist of three five-story buildings each …

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Conversion Logix Student Housing Marketing panel

The April 3 webinar “Targeting to the Tier — Tailored Student Housing Marketing Strategies,” hosted by Student Housing Business and sponsored by Conversion Logix, focused on how operators can spend less per lead and increase the volume of leads delivered, all while staying within a budget. This approach is especially important in an industry where budgets are limited and fixed. Tune in to learn about student housing marketing trends and timing information as well as predictions for how the market will change in 2024 and beyond. Register here to learn more about these topics and …

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Jason-Taylor

Indianapolis — Jason Taylor has joined The Annex Group as managing partner of the firm’s new public-private partnership (P3) division. Taylor most recently served as vice president of public-private partnerships with American Campus Communities. “Getting into P3 housing aligns with our company’s impact-focused mission,” says Kyle Bach, CEO of the Indianapolis-based company. “We are always looking for opportunities to enter new states and new markets if there is a considerable need for rental housing there. As the trend of increased enrollment continues for many of our nation’s colleges and universities, …

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Greystar Manoa

Enrollment is continuing to rise at many universities across the country — a fact which, alone, would be likely to substantiate a rise in public-private partnership (P3) development starts. This anticipated increase in P3 activity is even more likely to occur when viewed through the lens of the current economic environment, which is making financing of any sort tricky, but particularly for new development.  With more P3 projects expected, we’re also likely to see a growing number of on-campus  third-party management assignments. So what are the issues and trends today …

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