Boca Raton, Fla. — Singapore-based Mapletree Investments Pte Ltd. has acquired a portfolio of eight student housing communities and four multifamily properties from Boca Raton, Florida-based Kayne Anderson Real Estate Advisors for $1.6 billion.
Los Angeles — Los Angeles-based Kayne Anderson Real Estate Advisors has sold a portfolio of seven student housing properties totaling nearly 6,000 beds to Singapore-based Mapletree Investments Pte Ltd.
Bloomington, Ind., and Tallahassee, Fla. — Park on Morton and The Luxe on West Call offer high-end units and amenities to students.
St. Louis, Mo. — The acquisitions include turn-of-the-century architecture near St. Louis University, including a former Shriners meeting hall built in 1912.
Industry Giant SHB interviews the largest owner and manager of student housing both on and off campus, American Campus Communities president and CEO Bill Bayless, who disucsses his firm’s busy 2012 and role as a consolidator and leading acquirer of assets.
Armonk, N.Y. — Selznick will lead portfolio financing activities.
Baton Rouge, La., East Lansing, Mich. and Los Angeles — Purchase totals 2,365 beds.
College Station, Texas; Kennesaw, Ga.; and Durham, N.H. — JV to build at three schools.
BUYERS (AND SELLERS) ARE BACK The investment sales market is active and vital, and pent-up equity and a new cast of buyers should ensure it will stay that way throughout the year.
Louisville, Ky. — Grandbridge Real Estate Capital has secured a $40.5 million loan for a student housing property near the University of Louisville.