US & Canada

Student housing has set an all-time high in transaction volume for 2022 with an annualized total of $18.9 billion, significantly surpassing the previous year-end high of $11.5 billion in 2021. The JLL U.S.

Landmark Properties, a Georgia-based owner-operator, will develop The Mark Philadelphia, a 909-bed student housing project that will be located at 3615 Chestnut St. in Philadelphia’s University City district.

PGIM Real Estate has provided $108.5 million in fixed-rate financing on behalf of its core investment strategy to a fund managed by Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) for five student housing properties, three in Texas. PGIM Real Estate is a $204.

American Campus Communities (ACC), the nation’s premier student housing manager, owner and developer, announced today that Rob Palleschi, who most recently served as the Chief Executive Officer of G6 Hospitality, will be joining the company to serve as its new Chief Executive Officer, effective January 17, 2023.

Turning a historically commuter campus into a campus community is more than a cultural shift; it’s also a massive infrastructure project. The University of Utah is embarking on an effort to transform its 170-year-old campus by doubling on-campus housing—adding 5,000 new student beds by 2030.

Highlands College has opened the first residence hall on its new campus in Birmingham, Ala., creating the opportunity for students to live on campus for the first time.

Chicago has received nine proposals encompassing $1.2B in projects to convert seven aging office buildings in the city’s LaSalle Street financial corridor to housing, with 30% of the units reserved for affordable housing.

Harrison Street’s Canada Alternative Real Estate Fund has acquired Le Mildoré, a new, 279-bed purpose-built student accommodation (PBSA) in Montreal as part of a joint venture with developer Werkliv. Le Mildoré at 2025 Peel St. was completed in August and is 99 per cent occupied.

JLL Capital Markets announced that it has secured joint venture equity for the development of Four Corners, a 404-bed / 136-unit student housing development adjacent to the University of Cincinnati.

JLL Capital Markets announced that it has closed the sale of CEV Ruston, a 120-unit / 432-bed student-housing community primarily serving the 11,000 students at Louisiana Tech University in Ruston, Louisiana.