US & Canada

BWE has arranged acquisition financing for The Beacon, a 456-bed student housing community near Kennesaw State University in Marietta, GA. Chris Carroll and Max Miller in BWE’s Chicago office originated the loan on behalf of Campus Realty Advisors.

A draft environmental impact report published this month offers a look at Cal State Long Beach's master plan update, which will set the stage for the campus' development through 2035. One of the biggest changes is a plan to expand on-campus student housing capacity by approximately 1,600 beds.

The University of California Merced (UC Merced) and Merced College have announced plans to jointly develop a 488-bed student housing project for community college and transfer students. The California Legislature gave final approval for the $100 million mechanism that will fund the project.

Brand new secured purpose-built rental housing in Metro Vancouver that will soon reach completion will be turned into much-needed dedicated student residences.

Global Education Communities Corp (GECC) is pleased to announce that GECC has added a new business segment, called the Master Lease Partnership Program (MLPP), to complement its existing operations. The MLPP strategy is intended to expand GECC's revenue streams, complement its current corporate-owned student housing portfolio without deploying significant capital, and shorten the delivery time for student-bed deployments.

Scope Commercial Real Estate Services has brokered the $13.3 million sale of Maverick Apartments, a 480-bed student housing community located near Shippensburg University in southern-central Pennsylvania. The 10-building community recently underwent $1.5 million in capital improvements.

DEZHU, an Atlanta-based real estate development firm, has secured $39 million in construction financing to build a Class-A student housing development just south of Georgia Tech University, Commercial Observer can first report.

A push to rewrite zoning rules to allow more housing in practically all of Berkeley will focus this fall on the city’s densest neighborhood.

It is the most ambitious effort to build affordable housing for community college students in San Diego County. But just how affordable it will be hinges on state legislators taking action later this month.

Maverick Apartments LLC, a regional student housing provider, has sold Maverick Apartments, a 480-bed student housing community in Shippensburg, Pa., within the Harrisburg-Carlisle MSA. Scope Commercial Real Estate Services arranged the $13.3 million sale, equating to $27,708 per bed.