Student Housing
Wood Partners Begins Work on San Diego County Apartments
San Marcos, Calif.–Wood Partners has broken ground on a 108-unit apartment property near San Diego and within walking distance of the local light-rail system.
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.