CPP Investments Acquires Nido Living and Establishes a Continental European PBSA Platform
Canada Pension Plan Investment Board (CPP Investments) has established a new real estate investment and operating platform focused on purpose-built student accommodation (PBSA) in continental Europe. CPP Investments is forming this platform through its acquisition of Round Hill Capital’s minority stake in Round Hill European Student Accommodation Partnership, and the full acquisition of Nido Living.
17-story high-rise outside downtown Ann Arbor gets council’s initial OK
A 17-story apartment high-rise proposed outside downtown Ann Arbor appears headed for approval after an initial 8-0 vote of support Monday night, April 1.
Mankato student housing project clears TIF hurdle
Students at Minnesota State University, Mankato will have a new option for housing in the 2025-2026 school year, as a new apartment building from University Square is being planned right next to campus.
1AM buys half of Lipowy Office Park for students
Hungarian real estate group Futureal Investment Partners has sold for an undisclosed sum two buildings of Lipowy Office Park in Warsaw to the 1AM CEE Student Housing Fund, which is managed by Vilnius-based 1 Asset Management.
Utopi and Harrison Street announce a validated 9x ROI
ESG technology specialist Utopi has announced that it has received a 9x return on investment (ROI) validated by a top Valuer for the proven impact of its solutions to the real estate market.
University of Tampa announces plans for more student housing
The University of Tampa on Friday announced plans for its biggest building yet: a 450,000-square-foot, 10-story structure with housing for more than 600 students.
GFH Partners Announces New Investments In Student Housing
GFH Partners Ltd (“GFH Partners”), a subsidiary of GFH Financial Group, announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter of 2023 and the first quarter of 2024.
AG advises Coutts on £37m PBSA scheme in Kensington
Law firm Addleshaw Goddard (AG) has advised Coutts on a £37 million development and investment loan facility to SAV Group to finance the refurbishment and extension of More House in Kensington, West London.
Scion Group, PGIM Land $83M Refi for Student Community
A joint venture of The Scion Group and PGIM Real Estate has refinanced VERVE, a 181-unit, 696-bed luxury student community in New Brunswick, N.J. A QuadReal Property Group affiliate provided the fixed-rate, $83.4 million loan, according to Yardi Matrix information, while TSB Capital Advisors brokered the deal.
Madison Realty Capital Lends $55M on Morningside Heights Student Housing Project
A joint venture between Charney Companies and Criterion Real Estate Capital has landed $55 million of acquisition financing to purchase and redevelop a Morningside Heights dorm facility adjacent to a church and convert it into luxury student housing, Commercial Observer has learned.
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