Nebraska

TheView

Lincoln, Neb. and Ames, Iowa — Tailwind Group has acquired two student housing communities in Nebraska and Iowa. Acquisitions include South Duff Apartments, a 490-bed garden-style community located near Iowa State University in Ames; and The View, a 590-bed garden-style property serving students attending the University of Nebraska-Lincoln. Randall Calvert of TSB Realty brokered the acquisition of both properties from RCLCO. Terms of the transactions were undisclosed.  “Both assets fit very well in our value-add portfolio,” says Brandon Smith, vice president of operations and development with Tailwind Group. “We believe that …

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Ascott-Nebrasks

Lincoln, Neb. — Riyad Capital, an institutional capital partner based in the Middle East, has formed a joint venture with CapitaLand Investment Limited’s wholly-owned lodging business unit, The Ascott Limited, to develop student housing properties in the U.S. The partnership has committed $150 million in its initial equity round. Named Student Accommodation Development Venture (SAVE), Ascott will manage the venture and hold a 20 percent stake, while the remaining stake will be held by Riyad.  The partnership has acquired its first investment, a 779-bed student housing community currently under construction …

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Lincoln, Neb. — A joint venture between Campion Devco LLC and Tailwind Group is developing LivRed, a 575-bed student housing project near the University of Nebraska-Lincoln in Lincoln. The seven-story building will offer furnished one-, two-, three- and four-bedroom units. Community amenities will include a fitness center, package room, parking garage, private study rooms, gaming areas and lounges. The project team includes Sampson Construction, Grace Hebert Curtis Architects, ETI and REGA Engineering. Scott Clifton, Stewart Hayes, Teddy Leatherman and Dan Kearns of JLL Capital Markets helped source the joint venture partnership. A …

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Muse - Omaha

Bowling Green, Ky. and Omaha, Neb. — XFD Real Estate Partners has been awarded management of two student housing communities owned by The Vecino Group. New assignments include Muse – Bowling Green, serving students attending Western Kentucky University; and Muse – Omaha, located near the University of Nebraska Omaha. Muse – Bowling Green features a mix of one-, two- and four-bedroom units alongside shared amenities including a resort-style swimming pool, outdoor study pavilion, individual and community study spaces, a fitness center and a 24-hour clubhouse. Muse – Omaha offers studio, …

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