Duke University paid an apartment owner $43 million to take over the Blue Light Living apartments. The school will add the apartments to the school’s housing inventory, instead of building new ones. The school plans to make a number of…
Cardinal Group, a real estate company based in Colorado, has purchased the student housing community Midtown Stillwater, located at 801 W 4th Avenue in Stillwater, Oklahoma, for an undisclosed price. The 221-unit, 823-bed property is situated steps away from Oklahoma…
Dallas-based real estate investment firm Lloyd Jones has acquired Brightview Baldwin Park, a senior living community in Staunton, VA. The 136-unit property, which offers independent living, assisted living, and memory care, was purchased from Brightview Senior Living. Following the…
December student housing preleasing for the 2024-2025 academic year set a new record at 47.3%, up 9% from a year ago, according to the latest Yardi Matrix National Student Housing Report. Asking rates also continued to climb, hitting $858 per bed in December…
Greystone Monticello, a bridge lending program and provider of capital finance products, has provided a $36.3 million bridge loan for a 226-unit student housing property in Bloomington, Indiana. Greystone intends to transition the property to a permanent exit with HUD-insured…
Landmark Properties acquired a 15-acre site near the University of Colorado Boulder (CU Boulder). The firm will begin construction on The Standard at Boulder, a 936-bed student housing community. The project caps off approximately $700 million in year-end transactions for Landmark in 2023. The…
Harrison Street closed the sale of Epoch Clemson, a 994-bed student housing community positioned on Lake Hartwell near Clemson University in South Carolina, to Inland Real Estate Acquisitions, LLC on behalf of an Inland affiliate. Terms of the sale weren’t disclosed. Valeo Groupe…
Landmark Properties has recapitalized The Mark Athens, a 1,364-bed, mixed-use property featuring student apartments as well as retail and office space. Located at 130 Hickory St. in Athens, GA, The Mark Athens serves students attending the University of Georgia. Terms of the financing were…
JLL Capital Markets recently facilitated the acquisition financing for three separate senior living communities in the Minneapolis-St. Paul area. JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to…
Developers are finding that hundred-year-old flour mills and textile factories are too tough to die. A nationwide trend to renovate and repurpose the buildings is spreading. About a year from today, an adaptive reuse project in a 400,000-square-foot mill in…
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