US & Canada

Newmark announces it has facilitated the sale and financing of21 Pearl, a 135-unit, 267-bed student housing asset located at 911 W 21st Street in Austin, Texas. The asset was more than 99% occupied at the time of sale and primarily serves students at the University of Texas (UT) at Austin.

TORONTO, /CNW/ - Alignvest Student Housing ('Alignvest') is pleased to announce Alignvest Student Housing REIT ('ASH REIT') has completed the acquisition of a purpose-built student accommodation property located at 1680 Lincoln Avenue, Montreal, Quebec.

https://www.bizjournals.com/austin/news/2024/07/02/austin-texas-real-estate-roundup-student-housing.html

A partnership between Landmark Properties and W5 Group has acquired a 2-acre site for the development of a 210-unit student housing community in Syracuse,...

Tempe’s Development Review Commission considered the proposal for Vale Student Housing — an eight-story, 277-unit project encompassing 578,773 square feet at its June 25 meeting. The 3.88-acre site is currently home to the Moxy Phoenix Tempe/ASU Area hotel and a CVS Pharmacy.

Dartmouth College in Hanover, New Hampshire, has paid $23.5 million for four properties within walking distance of campus as part of a plan to substantially increase undergraduate housing.

Gilbane Development has moved forward with plans to build a 277-unit apartment complex for Arizona State University students in Tempe, just east of Phoenix.

Subtext, a national student and multifamily housing developer, announced today that it will start construction at 1011 E. Orange St. in Tempe, Arizona for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus.

Alignvest Student Housing REIT has completed the acquisition of two purpose-built student accommodation (“PBSA”) assets located at 252 and 254 Phillip Street, Waterloo, Ontario (known as “Hespler House” and “Fergus House”, respectively).

Residential real estate developer Core Spaces and investment firm TPG have closed on a partnership deal for the construction of a luxury high-rise student housing development in Ann Arbor, Michigan as analyst expectations for the sector run high relative to its traditional multifamily peers.