US & Canada

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.

The University of Cincinnati Board of Trustees on Tuesday approved design funding to create a large student-housing development on long-vacant real estate uptown. Construction is expected to begin in 2024 and be complete by fall 2026.

In an effort to provide more “safe and affordable living options,” Western University recently announced plans to construct two new residence buildings. The university is in the final planning stages of building the new residences that will house 1,000 students on campus.

San Jose State University may occupy part of a Hilton hotel in Downtown San Jose for student housing in a potential sale now in negotiations by its owner.

A new St. Joseph’s University dormitory for first-year students is being proposed as part of a plan to shift undergraduate housing away from West Philadelphia’s residential neighborhoods, minimizing conflict between students and area residents.