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PROVIDENCE, R.I.

HOUSTON--(BUSINESS WIRE)--Nitya Capital, a national real estate investment firm headquartered in Houston, announced the acquisition of two Class A student housing properties in the Sunbelt region, increasing its student housing portfolio to nine total assets spanning eight universities in five state

JLL Capital Markets announced that it has closed the sale of the two-property, 382-bed / 146-unit, value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town and The Enclave on Old Central.

CBRE is marketing the 421-unit property at 3335 South Figueroa Street with roughly 1,700 beds, according to materials from the brokerage obtained by TRD. CBRE’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer are listing the property for sale.

The R1.3 billion (£65 million) landmark development, known as Cape Station, will include a 3,085-bed, purpose-built student accommodation block, 6,700m2 of retail space and a new public square with landscaped gardens and artwork to encourage tourist engagement.

The pressure to house and care for international students has been immense and has cause rifts at both a local and national government level as politicians seek to balance the economic benefits of international students with the needs and demands of the local (voting) populations.

After a year of stagnation in 2020-2021 in the context of the pandemic (-1%), the number of foreign students registers for the year 2021-2022 the stronger interannual growth since 2005: +8% (source Ministry of Higher education and Research/SIES).

Inbest and GPF Capital are planning to invest over €600m in properties via a newly created Spanish real estate investment trust (REIT).

https://www.edgeprop.sg/property-news/telok-kurau-land-parcel-market-30-mil

https://www.kansas.com/news/business/article265680646.html