Summary:
- American Campus Communities, a Blackstone portfolio company, closed a $191 million third-party student housing development at the University of California, Irvine, delivering 1,065 beds scheduled to open in fall 2028.
- This project extends ACC’s 25-year partnership with UC Irvine, increasing their joint portfolio to approximately 8,700 beds across the university’s campuses.
- The new development will add 308 fully furnished apartments in two six- to seven-story buildings on UC Irvine’s East Campus, designed specifically for undergraduate students and integrated into the local neighborhood.
Original article:
https://www.connectcre.com/stories/american-campus-communities-expands-partnership-with-uc-irvine/
