Friday, April 19, 2024
Read the Digital Editions Subscribe

News

Edge-Donaghey_Conway
ArkansasInvestment SalesNews

Cushman & Wakefield Brokers Sale of 432-Bed Student Housing Property Near University of Central Arkansas

by Katie Sloan

Conway, Ark. — Cushman & Wakefield has brokered the sale of The Edge at Donaghey, a 432-bed student housing community situated adjacent to the University of Central Arkansas. Located at 530 S Donaghey Ave. in Conway, the 120-unit property was built in 2013. Sundance Real Estate purchased the community from an entity doing business as Azalea Holdings II LLC for an undisclosed price. Travis Prince, Victoria Marks and Shawn Lubic of Cushman & Wakefield’s Student Housing Capital Markets team, along with Martin Bynum of the firm’s Sunbelt Multifamily Advisory Group, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Granite
Company NewsIndianaNews

Granite Management Welcomes Josh Wilson as COO, Promotes Joel Brovont to CPO

by Katie Sloan

West Lafayette, Ind. — Granite Management has hired Josh Wilson as chief operating officer and promoted Joel Brovont to the role of chief people officer. In his new position, Wilson will spearhead all of the West Lafayette, Indiana-based company’s operations. He previously held positions with Greystar and EdR. As Chief People Officer, Brovont will play a pivotal role in shaping Granite’s approach to talent acquisition, employee development and organizational culture. “We are thrilled to welcome Josh to the Granite family,” says President John Rabold. “His proven track record of driving …

Continue Reading
0 FacebookTwitterLinkedinEmail
Twin-River
FinanceNew YorkNews

TSB Capital Advisors Arranges Refinancing for Twin River Commons Near SUNY Binghamton

by Katie Sloan

Binghamton, N.Y. — TSB Capital Advisors has arranged the refinancing of Twin River Commons, a 371-bed student housing property located near the State University of New York (SUNY) at Binghamton campus in Binghamton. The floating-rate loan was secured on behalf of the borrower, Harrison Street. The community offers units in studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a state-of-the-art fitness center, complimentary Wi-Fi, clubhouse, fireplace lounge with billiards and games, package lockers and an outdoor courtyard and kitchen. Further details on the financing were not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNew YorkNewsSouth Carolina

Aptitude Development Partners with Counslr to Offer Free Mental Health Support for Residents

by Katie Sloan

Rochester and Ithaca, N.Y. and Conway, S.C. — Aptitude Development has partnered with mobile app Counslr to provide free mental health support for residents across the firm’s student housing portfolio. The partnership launched at three of Aptitude’s communities on the East Coast and will expand nationwide over the course of 2024. The first three communities to offer Counslr include The Marshall, serving students attending the Rochester Institute of Technology in New York; The Ithaca, serving students attending Ithaca College and Cornell University in New York; and The Pier, serving students attending Coastal …

Continue Reading
0 FacebookTwitterLinkedinEmail
La-Playa-Residence-Hall-Long-Beach-CA
CaliforniaDevelopmentNewsOn-campus

Cal State Long Beach Breaks Ground on $115 Million La Playa Residence Hall Project

by Katie Sloan

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
District-Capital
FinanceMichiganNews

District Capital Arranges $7.7 Million Loan for Refinancing of Student Housing Portfolio in Michigan

by Katie Sloan

Michigan — District Capital has arranged a $7.7 million loan for the refinancing of a 108-bed student housing scattered site portfolio located near an undisclosed Big Ten campus in Michigan. A life insurance company provided the 30-year loan, which features a 30-year amortization schedule. Dave Dismondy of District Capital arranged the loan on behalf of the undisclosed borrower.

Continue Reading
0 FacebookTwitterLinkedinEmail
Tioga-Park
Investment SalesMichiganNews

Triad Real Estate Partners Arranges Sale of 151-Bed Community Near Ferris State University 

by Katie Sloan

Big Rapids, Mich. — Triad Real Estate Partners has arranged the sale of Tioga Park, a 151-bed student housing community located near the Ferris State University campus in Big Rapids. Developed in 2006, the property offers 44 units in two-, three-, four- and five-bedroom configurations. Each unit offers bed-to-bath parity. The property was fully leased at the time sale. Three Nails Capital acquired the community for an undisclosed price and plans to begin significant renovations imminently. The seller was an unnamed local partnership. Shared amenities at the community include a fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsNewsTexas

The Dinerstein Cos. Promotes Three to Leadership Positions

by Katie Sloan

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Theory-U-District-Seattle-WA
FinanceNewsWashington

PGIM Real Estate Provides $53.5 Million Refinancing for Theory U District Student Housing Complex in Seattle

by Katie Sloan

Seattle — PGIM Real Estate has provided a $53.5 million floating-rate loan to Blue Vista Capital Management for the refinancing of Theory U District, a student housing community in Seattle. Serving students attending the University of Washington, the seven-story property offers 171 fully furnished units totaling 441 beds. Units are offered in studio, one-, two-, three-, four- and five-bedroom configurations and feature bed-to-bath parity. Loan proceeds will be used to refinance the construction loan, covering closing costs and repatriating sponsor equity. Craig Foreman of PGIM Real Estate closed the financing. Shared …

Continue Reading
0 FacebookTwitterLinkedinEmail
Wolf-Creek
ArkansasDevelopmentFinanceNews

Hillcrest Acquisitions Acquires Student Housing Near Arkansas State for Multifamily Conversion

by Katie Sloan

Jonesboro, Ark. — Hillcrest Acquisitions has acquired Wolf Creek, a 192-unit student housing community located at 500 North Caraway Road near the Arkansas State University campus in Jonesboro. The community is set to undergo $4.4 million in renovations and will be converted into conventional multifamily. Marc Tropp of Eastern Union secured $12.05 million in financing through Bay Vanguard on behalf of Hillcrest for the acquisition of the property from an undisclosed seller. The five-year mortgage loan features interest-only payments for 24 months during renovations and lease-up. Once the property is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2023 France Publications, dba France Media Inc.