Student Quarters Lands $64M for Mississippi Student Community

Student Quarters has obtained $63.8 million in refinancing for The Vista Starkville, an 820-bed luxury student housing community in Starkville, Miss. QuadReal Property Group originated the three-year, floating-rate loan, while JLL brokered the transaction.

The deal comes just after The Scion Group announced it will acquire the operating business of Student Quarters. The company’s portfolio comprises 29 assets totaling about 13,000 beds and serving 21 campuses. That acquisition is set to close in the third quarter.

Previous financing includes a $61.5 million permanent loan originated in November 2021 from the same lender, according to Yardi Matrix information. The company used the debt to acquire the 2020-completed asset, which IMS Development sold for $82.1 million.

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Mississippi State University is seeing strong enrollment momentum, reaching a record 23,563 students for the 2025-2026 academic year—an increase of nearly 11 percent over the past decade, according to JLL.

JLL Capital Markets Senior Managing Director Gregg Shapiro, Senior Director Mike Brady, Director Sam Tarter, Senior Analyst Christian Johnston and Associate Connor McCarthy represented the borrower.

An upscale Mississippi student housing community

Located at 705 University Drive, the four-building community is half a mile from the Mississippi State University at Starkville campus and Davis Wade Stadium. Starkville’s city center is 2 miles away.

The unit mix comprises studio to five-bedroom floorplans ranging from 462 to 1,750 square feet, along with 2,500 square feet of ground-floor retail space. Select layouts also have private balconies or patios. The community is 97 percent occupied for the current academic year.

Common-area amenities include a fitness center, social lounge, swimming pool with Jumbotron, private resident parking and a business center. The property also has a game room, yoga studio and a sky club lounge.