Summary:
- Akara Partners and Deven Group have secured construction financing and equity for 5077 College Ave., a Class A purpose-built student housing project adjacent to San Diego State University, with construction starting immediately and delivery planned for the 2028–29 academic year.
- The eight-story development will offer 110 units and 305 beds across 98,500 square feet on a transit-oriented infill site located about 100 feet from SDSU’s campus core, addressing demand in a high-barrier, high-growth market.
- This joint venture reflects a strategic focus on prime locations with long-term growth potential, with Akara Partners sourcing and entitling the site over two years to capitalize on SDSU’s strong student housing market.
Original article:
https://www.connectcre.com/stories/purpose-built-student-housing-near-sdsu-has-financing-in-place/
