US & Canada

This fall Fresno State will break ground on a new affordable student housing project, the first major housing initiative at Fresno State since 1968. This project will add 228 apartment-style beds to the portfolio for Fresno State Student Housing. 

Alignvest Student Housing REIT, the private real estate investment trust based in Toronto valued at $1.44 billion with a portfolio of nearly 7,200 beds, said it appointed Greg Kalil and William Young to its board.

Orlando-based Development Ventures Group, also known as known as the Deven Group, plans to grow its student housing development portfolio to more than $1 billion worth of assets in the next three years.

New York University paid $69.2 million equivalent to $1,235/unit, to acquire a 13-story dormitory at 35 Cooper Square in NoHo from a partnership between Sherwood Equities and Bhatia Development Organization, reported the New York Business Journal.

National builder Deven Group is set to grow its student housing portfolio at top-tier colleges to over $1 billion over the next three years as rising enrollment at prestigious universities collides with a supply shortage and constrained construction schedule.

A joint venture between Strategic Asset Management (SAM) and Virtus Real Estate Capital has acquired YOUnion@Fayetteville, a 589-bed student housing development located near the University of Arkansas campus in Fayetteville.

Harrison Street has announced plans to develop a 344-unit/649-bed on-campus student housing facility at the University of Kentucky in partnership with Greystar Real Estate Partners.

Portman, 908 Group, Canyon Partners Real Estate and PTM Partners have partnered up to develop a student housing project (“The Hall”) on the Florida State University (“FSU”) campus across from Legacy Hall, the future home for the FSU College of Business.

Illinois-based Inland Private Capital Corp. (IPC) has sold Uptown Square, a 512-bed student housing property located in the Central Texas city of San Marcos.

Core Spaces has announced its first-ever project in Raleigh, North Carolina — Hub Raleigh, a 2,195-bed student housing property underway near the North Carolina State University main campus, according to a news release shared with Multifamily Dive.