Armonk, N.Y. —Kayne Anderson Real Estate Advisors has added six new student housing properties to its second fund. The firm recently purchased three existing student housing projects: the 145-unit Cottages of Columbia and the 201-unit Grindstone Canyon Apartment Homes, both located near the University of Missouri in Columbia, Mo.; and the 105-unit Aspen Heights – Baton Rouge, a gated community near Louisiana State University. All three properties feature clubhouses, resort-style pools and spas, theaters, fitness and business centers and tanning beds.

Kayne Anderson is also co-developing three properties with partners that will be part of the company's second fund: The first is the 195-unit Cottages of Boone at Appalachian State University in Boone, N.C., being developed in partnership with Capstone Collegiate Communities: Kayne is also developing the 125-unit Luxe on West Call, a mixed use community at Florida State University in Tallahassee, Fla., being developed in partnership with Trinity Development Group: As well, Kayne Anderson is developing and the 159-unit Park on Morton in the downtown district of Bloomington, Ind., at Indiana University, being developed in partnership with Ambling University Development Group. Each Community is being developed with amenities.