Tuesday, April 16, 2024
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Harrison Street

ArizonaDevelopmentNews

Trinitas Acquires Development Site Near Arizona State University

by Katie Sloan

Tempe, Ariz. — Trinitas has acquired a development site located at 707 S. Forest Ave. near Arizona State University in Tempe. The company plans to develop a 530-bed, mixed-use community offering studio, one-, two-, three- and four-bedroom units alongside street level retail. Shared amenities at the development will include a swimming pool, fitness center, collaboration spaces and an open-air skydeck. Equity financing for the acquisition was provided by a joint venture between Trinitas and Harrison Street. Construction financing has been provided by PNC Bank. “We are pleased to continue our …

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Investment SalesNewsTexas

Berkadia Arranges Sale of 515-Bed Community Near Texas State University

by Katie Sloan

San Marcos, Texas — Berkadia has arranged the sale of The Lyndon at Springtown, a 515-bed student housing community located near the Texas State University campus in San Marcos. The property offers a mix of one-, two- and four-bedroom units alongside shared amenities including study suites, an indoor and outdoor fitness center, a pet park, recreation room and resort-style swimming pool. Kevin Larimer, Greg Gonzalez, Kelly Witherspoon, Justin Cole and Michael Gonzalez of Berkadia represented the seller, Austin-based Endeavor Real Estate Group, in the transaction. Harrison Street acquired the property …

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ArizonaDevelopmentNewsOn-campus

Construction Underway on 374-Bed Residence Hall at Arizona State University Polytechnic

by Katie Sloan

Mesa, Ariz. — Construction is underway on a 374-bed mixed-use community on the Arizona State University Polytechnic campus in Mesa. The $34.2 million community is being developed by a public-private partnership between the university, Capstone Development Partners and equity partner Harrison Street. The development will offer private- and shared-bedroom suites alongside shared amenities including a main floor lounge and common kitchen; study space and lounges on each floor; and 8,500 square feet of academic space including classrooms, offices and conference and meeting areas. The project is scheduled for completion in …

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CaliforniaInvestment SalesNewsOff-campus

The Dinerstein Cos., Harrison Street Acquire Six Communities Near the University of California, Berkeley

by Katie Sloan

Berkeley, Calif. — A joint venture between The Dinerstein Cos. and Harrison Street has acquired six student housing communities located near the University of California, Berkeley. The properties were purchased from Equity Residential for an undisclosed price. Acquisitions include The Berkeleyan, Renaissance Villas, ARTech, Touriel, Fine Arts and Gaia. The properties have been rebranded The Sterling Berkeley Collection, and renamed Sterling Addison, Sterling Allston, Sterling Haste, Sterling Jefferson, Sterling Oxford and Sterling University Ave. 

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News

Goering Joins Landmark as SVP of Acquisitions

by Katie Sloan

Athens, Ga. — Landmark Properties has hired industry veteran JD Goering as the company’s new senior vice president of acquisitions. Goering will be responsible for sourcing and evaluating acquisition opportunities, structuring joint ventures and closing on investments. Goering has 12 years experience in the student housing sector. Since 2015, he has been vice president of the transactions group at Harrison Street Real Estate Capital. Prior to that, Goering was senior Vice President and leader of the student housing acquisition team at Blue Vista Capital Management for seven years. He has …

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