Charleston, S.C. — An affiliate of Charleston-based multifamily development firm Greystar has agreed to acquire student housing owner-developer Education Realty Trust Inc. (NYSE: EDR) in an all-cash merger transaction valued at approximately $4.6 billion. The sale price includes existing debt.
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Fayetteville, Ark. — Strategic Student & Senior Housing Trust Inc., a REIT focusing on student housing and seniors housing acquisitions and sponsored by SmartStop Asset Management LLC, has purchased a student housing community near the University of Arkansas for $57 million.
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Charlotte, N.C. — Campus Crest will acquire Copper Beech Townhomes in a staged acquisition.
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Memphis, Tenn. — Project could privatize all on-campus housing.
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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.
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The REIT now owns three properties in the Charlottesville market.
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