Student Housing
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.
Eastern Carolina’s North Campus Crossing Changes Hands
Student housing investment and development firm Pierce Education Properties, partnering with an affiliate of Core Properties, has acquired Phase I and Phase II of North Campus Crossing, an off-campus housing community serving Eastern Carolina University students.
Ground Broken for Oregon Student Housing
Work is under way on University House Arena District, a new 244-bed student housing development near the University of Oregon.
TODAY’S DEALS: Michigan Student Housing Portfolio Trades for $101.8M
A 2,772-bed portfolio trades hands in Michigan; The RADCO Cos. buys a 144-unit asset in Georgia; and Johnson Capital arranges a $8.4 million, five-year fixed-rate loan from a bank.
Construction Begins on Student Housing Near UNC Charlotte
Work has started on Circle University City, a student housing property that will open in time for the fall 2014 semester. The development will be within walking distance of UNC Charlotte.
Phase I of Shippensburg University Housing Complete
The first phase of a development project to upgrade all on-campus residences at Shippensburg University in Shippensburg, Pa., is complete.
TODAY’S DEALS: Brandywine, Campus Crest and HSRE Partner on $158.5M Project
A joint venture announces a student housing tower in Philadelphia; HFF lands $72 million for a Hoboken refinancing; and Centerline provides $43.1 million in acquisition financing for a Houston asset.
Guerilla Marketing in Action
Cardinal Group turns around student housing asset with low-cost measures.
Off-Campus Housing Supply will be Constrained for Foreseeable Future
Campus Crest Communities hosts ‘investor day’ at NYSE boardroom.