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.
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. Known as The District, the 592-bed community is located at 376 W. Watson St. in Fayetteville, roughly a half-mile from the university’s campus. The 198-unit property includes one-, two-, three- and four-bedroom, fully furnished floor plans. Completed in 2016, the LEED Gold-certified community features a business center, study rooms, pool, …
Charlotte, N.C. — Campus Crest will acquire Copper Beech Townhomes in a staged acquisition.
Memphis, Tenn. — Project could privatize all on-campus housing.
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.
The REIT now owns three properties in the Charlottesville market.
