US & Canada

Blue Vista Capital Management has obtained $53.5 million in refinancing for Theory U District, a 171-unit, 441-bed student housing community in Seattle. PGIM Real Estate provided the floating rate loan on behalf of its core plus investment strategy.

Capstone Collegiate Communities has assembled enough land in the West University neighborhood of Tucson to build a 144-unit/448-bed student housing project. Capstone successfully secured approximately 1.5 acres at the southwest corner of Speedway and Euclid.

Marcus & Millichap has brokered the sale of Campus Lodge, a 192-unit student housing property located about two miles from the University of Oklahoma campus in Norman. Built in 2004, Campus Lodge comprises 19 buildings that house 768 beds in three- and four-bedroom layouts.

A 17-story apartment high-rise proposed outside downtown Ann Arbor appears headed for approval after an initial 8-0 vote of support Monday night, April 1.

Students at Minnesota State University, Mankato will have a new option for housing in the 2025-2026 school year, as a new apartment building from University Square is being planned right next to campus.

The University of Tampa on Friday announced plans for its biggest building yet: a 450,000-square-foot, 10-story structure with housing for more than 600 students.

GFH Partners Ltd (“GFH Partners”), a subsidiary of GFH Financial Group, announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter of 2023 and the first quarter of 2024.

A joint venture of The Scion Group and PGIM Real Estate has refinanced VERVE, a 181-unit, 696-bed luxury student community in New Brunswick, N.J. A QuadReal Property Group affiliate provided the fixed-rate, $83.4 million loan, according to Yardi Matrix information, while TSB Capital Advisors brokered the deal.

A joint venture between Charney Companies and Criterion Real Estate Capital has landed $55 million of acquisition financing to purchase and redevelop a Morningside Heights dorm facility adjacent to a church and convert it into luxury student housing, Commercial Observer has learned.

CBRE announces the sale of The Parker, a 484-bed pedestrian student housing community located across the street from the University of Arizona (UArizona) in Tucson, Ariz.