US & Canada

PX4 Development has purchased an 80-room hotel in the Long Island community of Jericho with plans to convert the building into a student housing community with one-, two- and three-bedroom units.

The latest among Georgian’s efforts to support students amid a challenging housing landscape is to announce it has chosen to work with EY Canada to support in the development of a student housing strategy.

The Illinois Energy Conservation Authority closed $15.6 million in financing for a C-PACE project in Champaign, Illinois. The C-PACE capital will help fund energy-efficient improvements for a 402-bed student housing development situated on 3.73 acres at 28 East Green Street.

Berkadia Student Housing has sold the WWU – Living Portfolio and The U located in Bellingham, Washington.

A new master plan for Cal State Long Beach is set to pave the way for the school to add up to 1,600 new student beds to its campus in the years ahead. According to a notice published this week, the university is looking to get that process rolling.

QuadReal Property Group, a Canadian asset manager, has acquired a student housing portfolio of over 20,000 beds in college towns across the United States from CA Ventures.

Core Spaces has acquired Clemson Lofts, a 233-unit, 641-bed student housing community in Clemson. GEM Realty Capital joined Core Spaces as equity partner, and KKR provided financing. The seller and price were not disclosed.

Mosaic Investment Partners has secured financing for a new student housing development near University of Southern California’s campus, the company announced last week.

The University of California Board of Regents has approved more than $7 million in predevelopment funding Thursday for the latest student housing project to enter UC Berkeley’s pipeline, a development that would add 1,400 beds to the university’s thinly stretched portfolio.

Work is starting at North Island College’s Courtenay campus on what is expected to be a first-ever student housing project on the site. It’s part of an effort by the province to see 8,000 new student-housing beds built by 2028 in B.C. to help relieve a tight supply of affordable rental housing.