US & Canada

JLL Capital Markets secured $36 million in acquisition financing for Hawkins Way Capital to acquire Varsity Berkeley, a 79-unit, 308-bed student housing property near the University of California at Berkeley campus that changed hands for $46.3 million.

The Chicago-based student housing developer, which has a portfolio of more than 38,000 student housing beds and 3,000 single-family build-to-rent units, has a pipeline of over 43,000 beds in progress — putting it on track to more than double its existing holdings, according to a press release shared with Multifamily Dive.

The Preiss Company proudly announces the acquisition and rebranding of Elevate 231, now known as The Collective at Columbia. This premier, cottage-style community, located in Columbia, Missouri, serves students attending the University of Missouri and features 318 units with 972 beds.

California State University, Fullerton has broken ground on Sequoia, a $160 million student housing project located on the university’s campus.

LOS ANGELES, /PRNewswire/ -- Muinzer, a leading private equity firm specializing in student housing, today announced the off-market acquisition of Samford Square near Auburn University. Samford Square consists of 752 student housing beds that are 100% leased for the August 2024 school year.

Forum Asset Management ('Forum') is pleased to announce that its Real Estate Income and Impact Fund ('REIIF') has entered into definitive agreements to acquire the entirety of Alignvest Student Housing Real Estate Investment Trust's portfolio ('Alignvest') for $1.686 Billion.

Quebec’s public pension manager and commercial real estate firm Walker & Dunlop Investment Partners expect to double the size of a joint venture they started nearly three years ago to invest in US housing. The JV makes preferred equity investments in student housing, manufactured housing and multifamily properties.

The Annex Group has broken ground on a new student housing community at the University of Memphis, in Memphis, Tenn. The community will be part of the Park Avenue Campus, also the future location of Tiger Park, an integrated academic and athletic facilities complex being planned by the University.

A Texas-based development company is planning to build a mixed-use housing complex at the site of the former Campus Village Shoppes. The development will add a privately-owned student housing option to the current selection of apartments along Route 1 in College Park. The project is expected to open in fall 2027.

Emet Capital Management has obtained $54.3 million in refinancing for The Avery, a 240-unit, 796-bed student housing community in Philadelphia serving the Temple University. BridgeInvest provided the loan.