US & Canada

Heitman closed its largest fund to date, Heitman Value Partners Fund VI, securing $2 billion in commitments—exceeding its $1.75 billion target—and an additional $620 million in co-investment capital, providing approximately $6.55 billion in deployable capital for growth-focused real estate investments.

The University of Pittsburgh plans a 400-bed dormitory for first-year students at property it owns near Fifth and Ruskin avenues in Oakland. The university is in a design-build selection process for a first-year residence hall at a parking lot adjacent to the Music Building and annex, said spokesman Jared Stonesifer.

Compton College has installed all prefabricated modular units for a new student housing complex on a 2.8-acre site, featuring 151 one- and two-bedroom suites designed to accommodate up to 251 homeless and low-income students.

JLL Capital Markets facilitated the sale of Live on Hillsborough, a 203-unit, 376-bed student housing community near North Carolina State University in Raleigh, representing sellers TPG Angelo Gordon and Horizon Realty Advisors.

Vancouver City Council approved a 25-storey, 182-unit purpose-built student housing tower named GEC Langara near SkyTrain’s Langara-49th Avenue Station, developed by Global Education Communities Corporation (GECC) with a $150 million budget and plans to accommodate approximately 650 students, faculty, and staff.

Landmark Properties has acquired a 22.35-acre site in Columbia, SC, to develop The Walk on Shop Road, an 825-bed, 196-unit townhome-style student housing community near the University of South Carolina, marking the launch of Landmark’s new brand line, The Walk.

A joint venture between LV Collective and Harrison Street Asset Management is developing Rambler, a 247-unit, 862-bed student housing community in Blacksburg, Va. Kennedy Wilson provided construction financing for the project. The property is set to come online in 2028, in time for the academic year.

BCDC is partnering with 908 Group on Chapter House FSU, a 511-bed, Class A student housing development located in the College Town submarket adjacent to Florida State University.

The University of Virginia has engaged Capstone Development Partners to lead a developer-led design-build project for three new residential buildings totalling 310,000 sq ft in Charlottesville, designed by Elkus Manfredi Architects and constructed by a Hoar Construction and Hourigan joint venture.

The Medical College of Wisconsin (MCW) plans to develop its first on-campus student housing, The Commons at MCW, with 270 units designed to reduce daily campus traffic and support a more sustainable environment.