Student Housing
Hanover Pacific Breaks Ground on Mixed-Use Student Housing Community
Hanover Pacific has broken ground on a mixed-use, 173,000-square foot graduate student housing community near Western University of Health Sciences, a private, non-profit graduate school for health professionals in Pomona, Calif.
Campus Advantage Names New Senior Vice President of Investments
Campus Advantage, a leading student housing company, has made Michael Orsak a shareholder and promoted him to senior vice president of investments where he will manage the company’s portfolio of real estate and corporate investments, provide guidance on new investment opportunities and reach out to potential new business partners and investors.
Campus Advantage Celebrates Ongoing Success by Adding Seven Properties
Campus Advantage’s current Fall 2013 lease-up rates are 6 percent higher than at the same time last year. The company announced in January a second, $75 million joint venture with the California State Teachers’ Retirement System.
TODAY’S DEALS: The Morgan Group Breaks Ground in Fort Lauderdale
The Morgan Group begins a 331-unit asset; Beech Street Capital closes $17 million for a student housing portfolio in Alabama; and HFF closes on the sale of a 207-unit Upper West Side multi-housing property.
Beal Derkenne Construction to Build Arizona Student Housing Community
Beal Derkenne Construction has started construction on Park Avenue, in Tucson, Ariz.
JV Buys Student Housing Property in South Georgia
Innovative Student Housing and Harrison Street Real Estate Capital have formed a joint venture to acquire College Station at Valdosta, a student housing property.
Inland American Communities to Develop 300-Unit Student Housing Community for UNC
Inland American Communities announced that it is developing a 300-unit student housing community at the University House Boulevard, which will be walking distance from the UNC Charlotte Campus in Charlotte, N.C.
TODAY’S DEALS: Kennedy Wilson Adds 188-Unit Asset to Calif. Portfolio
Kennedy Wilson completes a $34 million acquisition; American Campus Communities enters a referral agreement with the University of South Florida; and NorthMarq arranges a $28.2 million Fannie Mae mortgage.
Chicago Student Housing Property Trades Hands for $58.5M
2 E. Eighth St., a 330-unit student housing property in downtown Chicago, has been sold for $58.5 million. The 28-story, 882-bed high rise is closest to Columbia College and Roosevelt University, but also houses students from other nearby schools.