Landmark Properties acquired Pointe on Rio in Austin, near the campus of the University of Texas. Pointe on Rio, soon to be rebranded as Tradition on Rio, is Landmark’s seventh asset in the Austin market; the acquisition adds 321 beds…
KKR and Blackstone Real Estate Income Trust said Thursday that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. BREIT acquired the portfolio in 2018 for $1.2 billion in a joint…
Time Equities (TEI) acquired The Armory at Sam Houston, a student housing complex located at 2257 Sam Houston Avenue in Huntsville, for $25.75 million. Built in 2018, the 145-unit/502-bed development is the nearest privately owned student housing property to Sam Houston State…
Capstone Collegiate Communities has assembled enough land in the West University neighborhood of Tucson to build a 144-unit/448-bed student housing project. Capstone successfully secured approximately 1.5 acres at the southwest corner of Speedway and Euclid. It closed on nine parcels…
The average student housing preleasing rate for Yardi 200 schools reached 61.5% in February, a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. Fueled by enrollment growth, demand is healthy enough to absorb 46,000 new beds…
Madison Realty Capital has provided a $55-million bridge loan to Charney Companies and Criterion Real Estate Capital for the acquisition and renovation of 99 Claremont Avenue, a student housing project in Morningside Heights. The developer group plans to renovate the…
This is the fourth in a series of articles discussing the student housing sector. “Analyzing Debt, Equity and Student Housing,” “Student Housing in 2023: Stagnation? Or Continued Investor Interest?” and “Educational Overview: Student Housing vs Multifamily” are live and available…
This is the third in a series of articles discussing the student housing sector. “Student Housing in 2023: Stagnation? Or Continued Investor Interest?” and “Educational Overview: Student Housing vs Multifamily” are live and available to read. Andrew Layton The lack…
Champion Real Estate Company has acquired Salisbury Campus Apartments, a five-building student housing community near Purdue University at 300, 310 and 318 Salisbury Street and 229 and 235 Littleton Street in West Lafayette, Indiana. Scott Clifton of JLL represented Champion…
This is the second article in a four-part series highlighting student housing as a real estate asset class. The first article, “Educational Overview: Student Housing vs Multifamily Housing,” is live. Parker Champion Student housing has come a long way in…
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