College Station, Texas — A joint venture between affiliates of Ares Management Corp. and Timberline Real Estate Ventures has purchased Northpoint Crossing, a 1,842-bed student housing community serving Texas A&M University in College Station. The 627-unit property was developed in 2014
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Chicago and Richardson, Texas — Chicago-based private equity firm Thoma Bravo has acquired RealPage (NASDAQ: RP), the Richardson, Texas-based provider of property management software, in a deal valued at $10.2 billion. The price tag includes the assumption of the debt of RealPage,
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Boston — LightView, a 310,000-square-foot residence hall developed in a public-private partnership between American Campus Communities and Northeastern University, has achieved LEED Platinum certification from the U.S. Green Building Council. “Our team is honored to receive this prestigious LEED Platinum
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Brenham, Texas — A public-private partnership between Servitas and Blinn College has reached financial close for a 504-bed student housing development on the college’s campus in Brenham. The $35.9 million project was financed through a public-private partnership tax-exempt bond underwritten
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Chicago — Core Spaces has hired Daniel Goldberg, a Wall Street veteran who most recently worked with Blackstone, to lead the company’s strategy and innovation. “As an accomplished and proven leader with expert knowledge in banking and the real estate
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Auburn, Ala. — A joint venture between The Preiss Co. and a private equity real estate fund advised by Crow Holdings Capital has acquired a 600-bed, cottage-style student housing community from Aspen Heights. The community — rebranded The Collective at
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Los Angeles — A public-private partnership between American Campus Communities and the University of Southern California (USC) has completed a second phase of student housing development. The residence hall is located at 1630 San Pablo St. near the university’s Curry
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Kennesaw, Ga. — Vesper Holdings has purchased The Indy, a 543-bed student housing community located near Kennesaw State University (KSU) in Georgia. Delivered earlier this year, the property offers one- to five-bedroom floor plans with bed-to-bath parity. Unit interiors feature granite
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Philadelphia — Rittenhouse Realty Advisors has arranged the sale of a 272-bed student housing portfolio in Philadelphia. The portfolio consists of five buildings totaling 106 units that serve the University of Pennsylvania, Drexel University and Temple University. The portfolio features a
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Richmond, Va. — A joint venture between Balboa Real Estate Partners and The Opus Group has broken ground on Ascend Richmond, a 428-bed student housing community located near Virginia Commonwealth University in Richmond. The project will offer a mix of
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Birmingham, Ala. and Lawrence, Kan. — A joint venture between The Opus Group and The McKinney Fund has finished the development of two student housing communities located in Alabama and Kansas. Completed projects include Ascend Five Points South, a 520-bed
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Indianapolis — Newmark has brokered the sale of The Avenue, a 358-bed student housing property near Indiana University-Purdue University Indianapolis (IUPUI). The asset features one-, two- and four-bedroom units with a variety of floor plans. The property sits on 3.4
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