US & Canada

AUBURN, Ala.--(BUSINESS WIRE)--Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced the successful recapitalization of the 600-bed Collective at Auburn in Alabama.

JLL announced that it has arranged the $18.5 million acquisition financing for Bellamy Coastal, a 150-unit / 480-bed, Class A student housing property, serving Coastal Carolina University in Conway, South Carolina.

ATLANTA — A joint venture between Austin-based LV Collective, Boca Raton, Fla.-based Kayne Anderson Real Estate and Newport Beach, Calif.-based Pacific Life is underway on a new student housing tower in Atlanta.

TAMPA, FLA. — A joint venture between the CBRE Strategic Partners U.S. Value 9 investment management fund and GMH Communities has acquired Venue at North Campus, a 734-bed student housing community located in Tampa. Situated adjacent to the University of South Florida at 13702 42nd St.

The student housing market wrapped the fall 2023 leasing season with a 95.1 percent preleasing rate, falling behind last year’s final figure. Rent growth also slowed, dropping 0.9 percent since its peak in March.

Canada is implementing a new verification process to combat student visa fraud, similar to the incident that occurred in June this year, involving 700 Indian students. Canada has not imposed a limit on the number of international students.

FaverGray, a leading general contractor based in Jacksonville, Florida, is proud to announce the delivery of Flamingo Crossings Village, a $498.2 million intern housing development totaling 2,614 units and 10,440 beds in Orlando, Florida.

CBRE has brokered the sale of The Connection at Athens, an 876-bed student housing community located near the University of Georgia campus in Athens.

The University of Cincinnati will spend up to $9.5 million to acquire two pieces of land on opposite ends of campus for a pair of large student-housing developments.

Pierce Education Properties, a leading national student housing owner and operator, announces the addition of The Bryn & Tremont Student Living properties to its growing portfolio of student apartments.