Austin, Texas — Berkadia has negotiated the sale of Lonestar Lofts, a student housing property located in Austin.
Austin
Austin, Texas — Austin-based Comfy, a student rental marketplace and developer of the Unbill app, which allows roommates to split bills and other living expenses, has secured $1.25 million of Series A funding led by ATX Seed Ventures, an Austin-based venture capital fund.
Austin, Texas — Howard Michaels of Carlton Strategic Ventures and Avery Modlin of The Modlin Group have negotiated the sale of Dobie Center to Fowler Property Acquisitions LLC. Located in Austin, Dobie Center is the largest privately owned student dormitory at the University of Texas at Austin.
Austin, Texas — FourPoint Student Housing Investments has released its year-end 2014 round-up of student housing research. The Four Point team analyzed the off-campus student housing business from the perspectives of development, transaction and lending. The report finds that transaction volume in the student housing industry was $2.38 billion in 2014, making it the third most active sales year in the history of the industry. The company reports 80 transactions it tracked in 2014, with an average bed price of $74,525 for Class A product, and average bed price of $34,797 …