US & Canada

Horizon Realty Advisors has sold The Flats at Norman, a 204-unit, 612-bed student housing community in Norman, Okla. Cardinal Group Investments acquired the asset for $31.4 million, financing the purchase with a $23.3 million loan from Metropolitan Life Insurance Co., according to Yardi Matrix information.

L3 Campus has acquired a University of Central Florida (UCF) student housing community for $83 million. The project, called Nine at Central, is a 201-unit, 764-bed development near the UCF campus in Orlando. UCF has nearly 70,000 students.

Newmark announces it has completed the sale of The Armory, a premier student housing property located near Sam Houston State University (SHSU) in Huntsville, Texas.

The University of Texas will move forward with a graduate student housing project that will bring 576 beds along with entertainment, dining and grocery options. The UT System Board of Regents on Thursday approved the university's proposal to build the project at 1900 Comal St.

Greystar Real Estate Partners has secured $183 million in tax-exempt bond financing and completed the acquisitions of Nordheim Court and Radford Court, two on-campus communities at the University of Washington.

Amid ongoing housing issues over the past several years, Industrial Development Board (IDB) has approved $180 million in bonds for developing a new student housing apartment complex for Tennessee State University.

Today, LV Collective, a multifamily and student-oriented real estate developer, Kayne Anderson Real Estate, an alternative real estate investment management firm and Pacific Life, an insurance company announced the closing of their newest luxury student-oriented multifamily development in Tempe.

UC Santa Cruz will house up to 400 upper-division undergraduate students and more than 60 employees at a soon-to-be-constructed apartment complex to be built by a private developer, pending final review by the UC Board of Regents.

Ascott Residence Trust (ART) will acquire a freehold student accommodation asset in Champaign, Illinois, US for US$83.25 million ($112.4 million).

Muinzer, a leading real estate investment firm specializing in student housing, alongside capital partner T2 Capital Management, announced the acquisition of Evergreen Auburn near Auburn University. The property was recently renovated with modern amenities, including an upgraded gym and game room.