Chico, Calif. — CBRE has arranged the sale of Campus Walk, a 174-bed student housing community serving California State University, Chico. NB Private Capital purchased the property from Dallas-based Fountain Residential Partners for an undisclosed price. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Marc Ross of CBRE arranged the transaction on behalf of the seller. The property offers shared amenities including a swimming pool, an outdoor movie screen and a fitness center.
Memphis, Tenn. — NB Private Capital has acquired The Nine at Memphis, a 385-bed student housing community located near the University of Memphis in Tennessee, for $32 million. The acquisition was structured as a DST offering for 1031 exchange investments. The seller was undisclosed. The community offers two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a resort-style swimming pool and spa deck; grilling stations and an outdoor bar area; a clubhouse; coffee bar; state-of-the-art fitness center; yoga studio; gaming area with air hockey, ping-pong and pool tables; …
Aliso Viejo, Calif. — NB Private Capital has hired Albert Thompson as senior vice president of national accounts. In his new role, Thompson will be responsible for all aspects of growing and servicing the firm’s participating sales partners. Prior to joining NB Private Capital, Thompson held positions at Hines Securities and Ascendant Capital. “Since our reorganization in early 2018, NB Private Capital has grown by more than $300 million in assets and has raised close to $180 million in investor capital,” says Jason Kjellson, senior vice president and national sales …
Lawrence, Kan. — Pebb Capital has sold The Rockland, a 647-bed student housing community serving students at the University of Kansas in Lawrence. The community offers one- and two-bedroom units. Shared amenities include a resort-style pool and hot tub; a 24-hour business center and fitness center; a common room with a gaming station and pool table; tanning facilities; an outdoor barbecue area with a fire pit; a coffee bar; indoor and outdoor basketball courts; and a dog park. NB Private Capital acquired the property for an undisclosed price. Kevin Larimer …
Chicago — Berkadia has arranged the sale of Tailor Lofts, a 441-bed student housing community located near the University of Illinois at Chicago and Rush University. The property offers studio, two- and four-bedroom, fully furnished units. Shared amenities include a 24-hour fitness center, doorman, computer center, clubhouse, conference room, game room, tanning dome, laundry center and a study lounge. Kevin Larimer and Greg Gonzalez of Berkadia completed the sale on behalf of Blue Vista Capital Management. Ed Kim and Jie Lee of Berkadia also arranged acquisition financing on behalf of …
Los Angeles — FourPoint Investment Sales Partners has arranged the sale of Chateau Sera and Tropicana, two student housing communities totaling 60 beds near the University of Southern California in Los Angeles. Both buildings were recently renovated and feature exterior and interior upgrades throughout. Chris Epp, Chris Bancroft, Craig Miller and Meredith Wolff of FourPoint arranged the transaction on behalf of the seller, NB Private Capital. A California-based regional operator acquired the portfolio. Terms of the sale were undisclosed.
