US & Canada

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.

Farbman Group, a full-service commercial real estate firm, announced today the launch of Campusville, a comprehensive student housing, property management, maintenance, development, construction and investment sales platform.

The Parker Tucson sold for $132.5 million ($1.02 million per unit), setting a new Tucson record sale price of over $1 million per unit and $274,896 per bed. The project is adjacent to the University of Arizona campus.

A portfolio of six student housing communities in four states encompassing 4,423 beds across 1,519 units has been put on the market with an estimated total value of nearly $500M.

The two-phase project will deliver accommodations for 4,000 students by 2029, led by the new 2,140-bed San Benito complex that will be completed in time for Fall 2027 after a two-year construction.

Cushman & Wakefield has arranged the sale of The Haven at Kennesaw, a cottage-style student housing community located near the Kennesaw State University (KSU) campus in Kennesaw, roughly 30 miles northwest of Atlanta.

WEST LAFAYETTE, IN - Muinzer, a fully-integrated real estate investment firm specializing in student housing, announced the sale of the Salisbury Portfolio near Purdue University in West Lafayette, IN.

A joint venture including Inland, Peerless Development and Core Spaces has received $102.1 million in construction financing for HUB Tallahassee, a student housing project in Tallahassee, Fla., according to Leon County public records. JPMorgan Chase provided the financing, the same source reveals.

Harrison Street has recapitalized The Aves at Twelve 100, a student housing community located adjacent to the University of Central Florida campus in Orlando. Harrison Street executed the transaction via a new joint venture with The Scion Group.