US & Canada

The Peralta Community College District is moving closer to building its first-ever student housing, asking the state for $52 million for a dorm in Alameda. The grant would cover about half the cost of the 306-bed project, where students would pay below-market rents for single or double rooms and have access to support services.

Vertically integrated residential real estate developer, owner and operator Core Spaces has recently announced a financial partnership with Blue Owl’s GP Strategic Capital platform, a capital provider to institutional alternative asset management firms.

Balfour Beatty announced today that it has acquired a 168-unit/592-bed student housing community in Tallahassee, Florida. The acquisition expands the company’s overall Florida footprint to 12 residential properties.

The MPI Group has submitted to the current Toronto City Council meeting a revised plan for a redevelopment at 294 Sherbourne Street on the east side of Downtown Toronto as a potential settlement in advance of an Ontario Land Tribunal hearing.

San Francisco city officials are inviting the University of California system to open a campus in their downtown area, citing “a set of remarkable opportunities” that it could provide students. “A number of properties” could accommodate a UC campus, including student housing, according to Mayor London Breed.

Core Spaces, a vertically integrated residential real estate developer, owner and operator, today announced a significant financial partnership with Blue Owl’s GP Strategic Capital platform, a leading capital provider to institutional alternative asset management firms. The long-term partnership will fuel Core’s growth investments in existing and new businesses and will further drive the brand’s innovation and expansion plans.

A Chicago-based developer of student housing has submitted a redevelopment plan for the former Summit on 16th United Methodist Church at 82 E. 16th St. The plan, which will be heard by the University Impact District Review Board (UIDRB) on July 27, calls for a seven-story, 229-unit building with a 178-space parking garage.

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 598-bed Collective at Clemson in S.C., its second such announcement in the past month.

Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, is pleased to announce it has reached financial close on a public-private partnership (P3) project to deliver new on-campus student housing at William & Mary in Virginia.

Athens, Ga.-based Landmark Properties has acquired The Lodges at 777, a student housing community located in Baton Rouge, roughly two miles from Louisiana State University (LSU). Constructed in 2011, the property comprises 1,290 beds across 382 units.