Summary:
- Cal Poly Pomona acquired The Current, a newly built 636-bed student housing property from Gilbane Inc. for $126 million, integrating 177 units into its campus housing portfolio.
- A JLL study presented to the university board highlighted a shortfall of 1,761 student beds, underscoring the strategic importance of expanding on-campus housing capacity.
- The Current features comprehensive amenities including a pool, fitness center, social lounges, private study rooms, and full-time management, supporting a fully leased status for the upcoming fall semester.
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