Willow Grove, Pa. — Rittenhouse Capital Advisors has secured $23.3 million in construction financing for a 264-bed student housing development near the Penn State Abington Campus in Willow Grove. The financing was sourced through a regional bank on behalf of
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State College, Pa. — University Partners has acquired HERE, a 755-bed student housing community located near the Pennsylvania State University campus in State College. The property was built in 2020 and offers one-, two- , three-, four- and five-bedroom units
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Willow Grove, Pa. — College Town Communities is set to break ground on a 132-unit student housing development near the Penn State Abington campus in Willow Grove. The 4-acre development site, located at 230 Fairhill Street, was recently acquired from
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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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Pittsburgh — MultiVersity Housing Partners has acquired Union on 5th, a student housing community located near Duquesne University and the University of Pittsburgh, for an undisclosed price. The property offers two- and three-bedroom, fully furnished units. Renovations are planned for
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State College, Pa. — Toll Brothers Campus Living is set to open Phase I of The Yards at Old State, a 1,093-bed student housing development located near Pennsylvania State University in State College. The first phase of development will include
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Slippery Rock, Pa. — MultiVersity Property Management has been awarded management of University Village at Slippery Rock, a 632-bed student housing community located near Slippery Rock University in Pennsylvania. The community offers two- and four-bedroom, fully furnished units with bed-to-bath
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Philadelphia — Brian Thompson, formerly with CA Ventures and Harrison Street, has launched Marker Investments. Thompson will leverage his nearly 20 years of experience in the student housing industry to lead the Marker Investments team, which will specialize in the
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Athens, Ga. — Landmark Properties has opened nine new student housing developments valued in excess of $950 million. The new deliveries total 6,166 beds and are located in North Carolina, Arizona, Alabama, Texas, Illinois, Florida and Pennsylvania. Openings include: The
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Chicago — CA Student Living, the student housing investment and development arm of CA Ventures, is opening six student housing communities this fall valued in excess of $550 million. The properties — which offer more than 3,000 beds — are
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Bethlehem, Pa. — A public-private partnership between Lehigh University and Greystar has opened SouthSide Commons, a 426-bed residence hall located on the university’s campus in Bethlehem. The community offers studio, two-, three- and four-bedroom, fully furnished units. “SouthSide Commons is
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Pittsburgh, Pa. — A joint venture between Pinecrest and Cardinal Group Companies has completed construction on The Bridge on Forbes, a 473-bed student housing community located in the Oakland neighborhood of Pittsburgh. The property will serve students attending the University
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