-‎Wire-

One-stop property management solution Opago has announced the acquisition of the assets of defunct proptech company Staykeepers. The acquisition is also seen as an opportunity for Opago to revive and build upon the legacy of a business which it described as “once standing out as a beacon in the intersection of the short-term rental and purpose-built student accommodation [PBSA] markets”.

A private student-housing developer purchased the 72-room hotel for $13.3 million last week in a deal two years in the making, hotel broker NewGen Advisory tells Axios Phoenix. The 1.4-acre lot will be revamped into a "state of the art" rental property with 479 bedrooms.

HH Fund, a national student housing owner and operator, has received $64.6 million to refinance Nine East 33rd, a 568-bed student housing property near Johns Hopkins University’s Homewood campus in Baltimore.

An institutional investor has purchased a distinctive purpose-built student accommodation scheme in Cardiff city centre. Kimmre advised on the £13m deal. Acting on behalf of clients of Mutual Finance, global property consultancy Knight Frank, alongside joint agent Lewis & Partners, has sold Livin Cardiff.

Downing has announced the successful acquisition of the former Bennett’s field car park by the Amex Stadium in Brighton, following its successful planning application at the end of last year.

Consultancy company Beachrock has sold Chamberlain Place, a PBSA property in Birmingham to Apollo Global Management for £32.5m. The deal reflects a net initial yield of 5.75% or £142,000 per student bedroom.

CBRE has brokered the sale of Social 28, a 592-bed student housing property located across the street from the University of Florida campus in Gainesville.

In a phased development, Whitbread intends to replace the existing hotel and restaurant with a larger, latest format Premier Inn and introduce new purpose-built accommodation for students as well as new homes

The site is located less than a 3-minite walk from the University of Bristol’s new Temple Quarter Enterprise Campus which is due to open to 4,500 new students in 2026.

Bank of London and The Middle East plc (BLME) has provided Orka Investments Ltd (Orka) with a new finance facility to refinance The Croft, a prime best-in-class 326-bed Purpose Built Student Accommodation (PBSA) scheme located in Derby City Centre.