US & Canada

Institutional Property Advisors (IPA), part of Marcus & Millichap, has exclusively listed Raintree Commons, a 924-bed, 152-unit student housing community near Brigham Young University in Provo, Utah, for sale via an open bid process.

A 12-story, 48-unit student housing tower near the University of Tampa sold for $21.8 million, nearly five times its 2017 price of $4.6 million, reflecting significant value growth in downtown Tampa’s rental market.

Provident Resources Group, led by CEO Christopher Hicks, acquired a 1.3-acre student housing site near Florida International University in Sweetwater for $22.5 million, resolving prior litigation between Workforce Housing Partners and Nef.

The University’s Ivy Corridor project, spanning 14.5 acres at Emmet Street and Ivy Road, includes two six-story upperclassmen housing buildings with 750-800 beds, approved in February 2025 with a $160 million budget to address an 81% rise in upperclassmen housing demand since 2021; completion is targeted for the 2027-2028 academic year.

Aggie Square, a $1 billion innovation district in Sacramento’s Oak Park, opened in May near UC Davis Medical Center, combining new lab facilities, student housing, and commercial space to foster collaboration between academia, private companies, and investors.

Saint Mary’s College is expanding its residence hall capacity for next fall to accommodate the largest freshman class since 2007, utilizing additional floors in Le Mans Hall, Regina Hall, McCandless Hall, Regina South Hall, and Holy Cross Hall.

Landmark Properties and Stockbridge have acquired The Junction Cottages & Townhomes, a 22-acre, 186-unit community in College Station, TX, serving Texas A&M University, the largest university in the US. The property includes 801 beds, each with a private bath, and was built in 2016.

Middle Tennessee State University is partnering with The Annex Group to develop Womack Commons, a $56.5 million student housing community set to begin construction by February and complete by summer 2027, replacing the outdated Womack Lane Apartments.

Development around the site in Waterloo is intensifying, driven by transit access and proximity to university campuses, with multiple mid- to high-rise projects underway or proposed nearby.

Sterling LSU Tiger Pointe, LLC, a joint venture between The Dinerstein Companies and Harrison Street Asset Management, is developing two student housing communities near Louisiana State University: Sterling Tiger Valley with 845 beds opening before Fall 2027, and Sterling Southgate with 899 beds scheduled for Fall 2028 delivery.