US & Canada

Kennedy Wilson has closed senior construction loans for the development of three student housing projects totaling $184 million at the University of Wisconsin – Madison, University of North Texas and University of California, Berkeley.

Subtext and Nuveen Real Estate have recently acquired a 3.1-acre lot at 3133 N. Alafaya Trail in Orlando, less than a quarter-mile from the campus of University of Central Florida.

Canyon Partners Real Estate LLC, The Martin Group, and Valiance Capital today announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to begin immediately and completion anticipated prior to the start of the 2026-2027 academic year.

Vesper Holdings acquired Gateway at Denton, located near the University of North Texas. Yardi Matrix data shows that the company took out a $25.3 million Freddie Mac loan for this acquisition, originated by KeyBank and arranged by AMA Financial.

Barings has divested of Varsity Berkeley, a purpose-built student housing property in Berkeley. Hawkins Way Capital acquired the asset for an undisclosed price.

Student housing demand appears to be normalizing to a more sustainable trend after record occupancy rates in Fall 2022 and 2023.

The University of Virginia Darden School of Business will hold a celebratory ground-breaking in October to mark the upcoming construction of a major project that will provide new, modern residences for students on School Grounds.

Irvine, Calif.-based Strategic Asset Management I LLC and an affiliate of Austin, Texas-based Virtus Real Estate Capital have jointly purchased 198-unit student housing development YOUnion at Fayetteville for $72.25 million. The purchase price equals $364,899 per unit.

With the student population at Long Beach State steadily increasing every year, the university must find ways to provide housing for current and future students.

As many schools welcomed student tenants back at the end of summer, surveyed preleasing for Yardi 200 institutions reached 92.9 percent in August, 20...