Austin, Texas — Brent Woods has joined Aspen Heights Partners as director of capital markets. In his new role, Woods will lead with financial analysis, analytical decision-making and technical expertise for the company’s capital markets team. “I’ve followed Aspen Heights
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Houston — A development team consisting of WGC Partners — a partnership of Steve Spessard of Gore Creek Partners and Rocky Stevens and Mark Seger of Wellington Development Co. — GRC Capital and Principal Real Estate Investors has completed Tower 5040,
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Austin, Texas — American Campus Communities has announced financial results for the second quarter of 2020. Revenue for the second quarter totaled $185.5 million, versus $217.4 million in the second quarter of 2019. The company reported a net loss of
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Houston, Texas — Berkadia has hired Brandon Buell as senior managing director of its student housing group. Buell will be based in the company’s Houston, Texas, office and will partner with existing Senior Managing Director, Kevin Larimer. Prior to joining Berkadia,
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Austin, Texas — American Campus Communities has announced that its operating partnership, American Campus Communities Operating Partnership LP, has priced a $400 million offering of senior unsecured notes under its existing shelf registration. These 10-year notes were issued at 99.1
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Bryan, Texas — Newmark Knight Frank has arranged the sale of The Element at University Park, a 312-bed student housing community located in Bryan. The property is located about three miles from Texas A&M University and was 97 percent occupied at
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Austin, Texas — American Campus Communities (ACC) has provided a COVID-19 interim update on universities’ planned delivery of curriculum for the fall, leasing for the 2020-2021 academic year and progress on rent collections. University Announcements Forty-seven of the 68 universities
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Houston — A public-private partnership between Houston-based developer Medistar Corp. and Texas A&M University has branded its new, $401 million medical and engineering campus in Houston and released updated plans for the ensuing phases of construction. The new campus, which
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Austin, Texas — FourPoint Capital Markets has arranged construction financing for The Point North, a 76-bed student housing development located near the University of Texas at Austin. Craig Miller of FourPoint arranged the loan on behalf of Focal Point Development through
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College Station, Texas — Berkadia has provided $31.7 million in Freddie Mac permanent financing for The Junction at College Station, a student housing community located about five miles from Texas A&M University. The property consists of three-, four- and five-bedroom cottages and
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Austin, Texas — American Campus Communities (ACC) has announced financial results for the first quarter of 2020 and provided an update on pre-leasing for the upcoming academic year. The company reported a net income of $80.9 million or $0.58 per
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Waco, Texas — FourPoint Investment Sales Partners has arranged the sale of 11th Street Cottages, a nine-unit, townhome-style student housing community located near Baylor University in Waco. Kevin Dufour and Kyle Peco of FourPoint arranged the disposition of the property
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