Student Housing
Crescent Resources to Build Circle University City
Crescent Resources has begun work on Circle University City, a 546-bed apartment property for students at the nearby University of North Carolina-Charlotte campus. The first of the 187 units will be ready by the start of the fall 2014 semester.
TODAY’S DEALS: Steadfast Acquires Kentucky Property for $52.5M
Steadfast Income REIT completes a 436-unit buy; Crescent Resources begins its second student housing asset; and Macfarlane Partners acquires the last remaining vacant lot in San Francisco’s Mid-Market for $7.8 million.
Corvias Campus Living Announces Two Key Appointments
Corvias Group announced that it has hired Jennifer Dilley as vice president of student affairs and Ronald LaPorte as vice president of business development of Corvias Campus Living, the company’s student housing division.
TODAY’S DEALS: Inland Buys Two Student Housing Assets for $94.6M
Inland American Communities acquires two student housing assets; Elco buys four properties from Equity Residential; and Alliant Capital completes a $5.98 million refinance loan at 3.48 percent rate.
Student Housing Community Planned for Downtown Atlanta
In a $7.9 million transaction brokered by Atlanta’s Bull Realty, a development site in downtown Atlanta has been sold to an affiliate of Valdosta, Ga.-based Ambling University Development Group.
Corvias to Develop Student Apartments for Alabama College of Osteopathic Medicine
Corvias Campus Living, the new student housing division of Corvias Group, will build and manage three 30,864-square-foot residential apartment buildings for the Alabama College of Osteopathic Medicine.
Greystar to Manage New Charleston Student Housing
Davis Property Group has tasked Greystar Student Living to manage 400 Meeting Street Apartments, a student housing property in the Old and Historic District of Charleston.
The Goldenberg Group Begins Construction on $100M Philadelphia Student Community
The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project.
EdR Buys Tucson Student Housing for $67M
EdR has acquired a 764-bed student housing community, The District on the 5th, which is near the University of Arizona in Tucson, from Residential Housing.
MARKET SNAPSHOT: Toronto Multifamily Remains Tight as Rents Rise and Concessions Fade
While sales velocity has ticked down somewhat over the past year, prices for apartments in the city of Toronto remain extraordinarily high.