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Steve Schwarzman, the founder of Blackstone—one of the world’s largest owners of commercial real estate—is doubling down on the asset class in which he made his name. “We’re seeing some very, very good buys in that kind of environment because, unlike most people, we have enormous capital and can buy the types of real estate that we like, whether they’re data centers, warehouses, student housing,” he said.

The offer to buy TUSD’s Morrow Education Center at 1010 E. 10th St. comes from Up Campus Properties, LLC, the Chicago-based developer of Hub high-rise apartment complexes in Tucson and other cities.

BWE, a national commercial and multifamily mortgage banking company, has secured a $10 million preferred equity investment to finance the acquisition of a student housing portfolio near the University of Illinois Urbana-Champaign campus.

American Campus Communities (ACC) is underway on the development of a $631 million student housing project at the University of Michigan in Ann Arbor. Plans call for a new residential community with five residence halls totaling 2,300 beds and a 900-seat dining facility, the largest of its kind among academic institutions, according to ACC.

Watson Farley & Williams has advised Banco de Sabadell, S.A. and Banco Pichincha España, S.A. on a financing granted to Temprano Capital and Brookfield for the construction and development of the Living Riera-Blanca student residence in Barcelona.

One of the first major student housing properties under the portfolio of Global Education Communities Corporation (GECC) is now under new ownership.

Global Student Accommodation (“GSA”), announces that it has refinanced three of its Australian assets with Aareal Bank. With a value of over AUD$200 million, this significant transaction builds upon the Company’s existing relationship with Aareal Bank, reflecting the strength of Australia’s student housing market and the underlying performance of GSA’s portfolio in Australia’s leading educational cities.

The “masterplan” for a major redevelopment of the former Cleeves factory site, which will see the grounds transformed for residential and commercial use, has been unveiled.

A report has recommended Exeter City Council should sell the former leisure centre site at Clifton Hill and the Mary Arches multi-storey car park without restrictions on use. Councillors are considering the sales despite a council policy not to sell off land for student accommodation.

The manager is rebuilding its PBSA portfolio in the country more than a year after selling the RESA platform it had built up between 2017 and 2022.