-‎Wire-

Landmark Properties and Liberty Mutual Investments (LMI) have finalized joint ventures for the acquisition and development of two new student housing projects. The ventures will deliver 1,255 off-campus student housing beds between The Mark State College, serving Penn State, and The Mark Mansfield, serving the University of Connecticut.

Watkin Jones has sold its new purpose-built student accommodation scheme, The Ard, in Glasgow. The 784-bed scheme will be managed through Fresh, with a target completion date for the 2028/29 academic year.

Firethorn has appointed HG Construction to deliver a 204-bed purpose-built student accommodation (PBSA) development in Hackney Wick, with 35% of the units designated as affordable housing and completion targeted for the 2027/28 academic year.

LDS Devco has appointed Fresh to mobilise, market, and manage the Biscuit Factory PBSA scheme in Belfast city centre, set to open for the 2026/2027 academic year with 724 beds across studios and ensuite flats.

Construction firm Sisk has been appointed main contractor to deliver 493 new student accommodation beds at University College Dublin’s Belfield campus, supported by €67 million in state funding confirmed by Ireland’s Minister for Further and Higher Education, James Lawless.

Landmark Properties and Manulife Investment Management have opened The Mark Tallahassee, a 860-bed student housing community in Tallahassee, Florida.

Legacy Partners and PGIM acquired University Village, a 320-unit garden-style apartment community in Azusa, California, from Azusa Pacific University for $92 million, with plans to rebrand it as Citrus Place Apartments and open for leasing by September 2025.

The University of Oklahoma has opened McCasland Hall, a new 560-bed residence hall funded by a $10 million gift from the McCasland Foundation, marking the first phase of the university’s First-Year Housing Master Plan to modernize student living.

Private investment firm Ardian and living platform Rockfield have raised €550m of finance to spend on Purpose-Built Student Accommodation (PBSA). The money will be spent on future acquisitions, as well as refinancing current assets.

Cal Poly Pomona Enterprises (CPPE) acquired The Current, a 177-unit, 636-bed student housing community near campus, for $126 million to address a critical shortage of 1,761 beds identified in a 2023 housing demand assessment.