US & Canada

JLL Capital Markets announced that it arranged the capitalization of USC Expo, a 57-unit / 260-bed USC student housing development located less than a half-block from the campus of the University of Southern California (USC) in Los Angeles.

The second phase of a popular apartment complex on the Washington State University Tri-Cities campus in Richland is expected to open in about 14 months.

A set of abandoned 19th century buildings on the sprawling mountaintop Royal Victoria Hospital property are being earmarked for transformation into about 1,000 student residences for students from the many schools in Montreal.

Developers are looking to build a residence for post-secondary students, ranging between six and 11 storeys in height with 532 units and a total of 1,149 bedrooms. There are also plans for a 90-square-metre café on the ground floor.

Along Railroad Avenue, a wave of new student housing developments may be coming to the Gaines Street area that will transform it into an urban district.

COCM (Capstone On-Campus Management) has been selected through a competitive procurement process to manage The Village student housing community on the campus of Nevada State University. COCM is partnering as manager with American Public Development (the developer), Public Finance Authority (the issuer) and UMB Bank (trustee).

GMH Capital Partners LP and AGC Equity Partners have sold Everly on the Loop, a 209-unit, 428-bed student housing community in St. Louis, Mo., adjacent to Washington University. R5 acquired the asset and assumed a $49.4 million acquisition loan provided by Metropolitan Life Insurance Co.

NCCD-College Station Properties LLC failed to make a complete payment due July 1 for bonds issued to build the complex near the Texas A&M University campus in College Station, according to a regulatory filing.

LV Collective is looking at building two residential towers that will likely become student housing. The Austin Business Journal reports the company has acquired three lots near campus where plans are suggesting nearly identical 38-40 story buildings.

Many office buildings sit mostly empty. Once-soaring apartment-rent growth has slowed and is falling in some places. But housing geared to college students at popular schools is a rare bright spot in the beleaguered commercial real-estate business. Copyright ©2023 Dow Jones & Company, Inc.