US & Canada

Landmark Properties closed its Landmark Sponsor Fund, LP at $300 million, surpassing the initial $200 million target, reinforcing its position as a leading developer in the U.S. student housing market.

Raintree Partners sold the Axiom Westwood portfolio, comprising 153 student-focused apartments across four buildings near UCLA, for $62.6 million. Institutional Property Advisors, part of Marcus & Millichap, brokered the deal with a private investor buyer, marking Westwood’s largest unit sale since 2020.

Philadelphia student-housing powerhouse Campus Apartments is trying to raise as much as $400 million in fresh capital, marketing a new private-equity vehicle aimed at funding development and acquisition projects around the country, CEO David Adelman said.

Florida State University announced a $374 million Northwest Campus Project to add 1,200 new student beds, a 765-seat dining hall, and nearly 1,000 parking spaces, aiming to expand its housing capacity to over 8,000 beds by 2030.

Suffolk Construction will manage a $1.2 billion student housing expansion at California Polytechnic State University, adding 3,600 new beds and renovating 1,200 existing beds across two buildings opening in 2026 and 2027 in San Luis Obispo.

Interstate Equities Corp. acquired a two-property apartment portfolio in Davis, California, for $42.8 million, including Pepperwood Apartments and Temescal Apartments, totalling 141 units and 357 beds.

A joint venture Subtext and Clarion Partners is preparing to break ground on VERVE Lexington, a 784-bed student housing development located adjacent to the University of Kentucky in Lexington, Ky.

Middle Tennessee State University commenced construction on Womack Commons, its first new student housing complex in over 25 years, as part of an $83 million development including a parking garage.

Southern University’s Board of Supervisors approved preliminary financing for a $100 million student housing project in Baton Rouge, adding approximately 850 beds across two new residential buildings targeting underclassmen and upper-level students.

Park7 Group and PGIM have commenced construction on an 804-bed student housing project near Florida State University in Tallahassee, marking a significant addition to the local PBSA market.