Student accommodation construction slows down as college numbers rise
The supply of new student accommodation is slowing down just as an increased number of students wait for college offers this year, according to property group Cushman & Wakefield. Just 600 bed spaces will be built this year, the estate agents say.
KPMG advises Patrizia in its investment in Barcelona
Patrizia, a leading partner for global real assets, has invested in a portfolio of purpose-built student accommodation (PBSA) in central Barcelona, on behalf of its institutional clients.
Property group swoops for eighth student accommodation block with latest deal
A Manchester property group has completed the acquisition of a student accommodation unit in Liverpool, for an undisclosed sum. MCR Property Group has acquired Haigh Court, from Nido Student.
University Housing Bankruptcies Show Rare Misfires in Hot Market
Luxury college student housing projects, once feared to be in jeopardy of bankruptcy at the onset of the pandemic, have since become a magnet for real estate investors.
Empiric Student Property (LON:ESP) PT Raised to GBX 115
Empiric Student Property (LON:ESP - Get Rating) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 100 ($1.21) to GBX 115 ($1.39) in a report released on Wednesday, Marketbeat.com reports. The firm presently has a 'buy' rating on the stock.
Bank of New York Mellon Corp Sells 4,706 Shares of American Campus Communities, Inc....
Bank of New York Mellon Corp trimmed its stake in American Campus Communities, Inc. (NYSE:ACC – Get Rating) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
New Ohio State student apartment building to house 885 students, will include rooftop pool
A Texas company plans to formally break ground Friday on a Lane Avenue apartment complex next to Ohio State University that will house about 900 students and include a yoga studio, rooftop pool and ground-floor coffee shop.
Student Housing’s Record-Breaking Streak Continues
The student housing sector’s stellar performance has not slowed in the second quarter of 2022, according to a recent Yardi Matrix report. The preleasing rate for the upcoming fall term, along with rent growth among Yardi 200 universities, hit record highs in June.
Sale of Kennesaw State University student housing community closes
JLL Capital Markets announced that it has closed the sale of 14 SixtyFive, a 52-unit / 241-bed, brand-new student housing community in Kennesaw, Georgia near Kennesaw State University. JLL worked on behalf of the seller, Fountain Residential Partners. Nuveen Real Estate acquired the asset.
Core Spaces Plans 1,047-Bed Student Housing Development in Fullerton, California
Hub Fullerton by Core Spaces will serve students attending California State University-Fullerton, Hope International University and Pacific Christian College. FULLERTON, CALIF. — Core Spaces has announced plans for Hub Fullerton, a 1,047-bed student housing development in Fullerton.
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