Student Housing
TODAY’S DEALS: Trecap Purchases Two Oregon Communities for $53.9M
Trecap Partners acquires two communities in Oregon for $53.9 million; Western National completes a $31 million acquisition in Orange County; and Education Realty Trust closes on the ground lease of a new student-housing community at Syracuse University.
TODAY’S DEALS: NorthMarq Capital Arranges $98.35M Tax-Exempt Bond Securitization
NorthMarq arranges a $98.4 million tax-exempt bond securitization for a national bond portfolio; Phoenix Realty Group buys a 220-unit community in Los Angeles for $23 million; and Cassidy Turley brokers the sale of 1.7 acres of land in Phoenix for a student-housing development.
Urban-Infill Student Housing under Construction in Richmond
The Collegiate, a 269-unit student-housing community in Richmond, will combine large-unit designs and townhouse style with the vibrancy and convenience of urban living.
New Ownership and $2M Upgrade Revitalizes Student Lofts
Atlanta–Cardinal Group’s $2 million renovation has resulted in an about-face for Atlanta’s Westmar Student Lofts, a 368-unit off-campus student-housing community.
Campus Suites Communities Go to Head of Class
Orlando-based Campus Suites is figuring out that today’s student housing market has a higher expectation built in than it once did.
Madison International Acquires Stake in Florida Student Housing
New York–Madison International Realty has acquired an 80 percent equity interest in a portfolio of two student-housing communities in Gainesville and Tallahassee, Fla., for $30 million.
UClub Adds Swick to Student Housing Team
Charlotte, N.C.–Jamie Swick has joined University Buyers Club as executive vice president.
WEB FEATURE: Privatization of Military Housing: a PPP Success Story
The Military Housing Privatization Initiative, which transfers ownership and operation of military housing to private hands, illustrates the potential of public-private partnerships.
ACC Starts Work on 3,200-Plus Student Housing Units
Austin–American Campus Communities has broken ground on four different student housing projects in different states, representing a total development cost of $156.6 million.
National Student Housing Council Sees Surge in Freshman College Applications
Washington, D.C.–A report from the National Student Housing Council finds that, despite the recession, colleges are receiving more applications than they were a couple years ago.