Austin, Texas — Lincoln Ventures has completed the development of Moontower, an 18-story student housing community located near the University of Texas at Austin. The property offers one-, two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities include
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Austin, Texas — American Campus Communities (NYSE: ACC) reported that its portfolio had an occupancy rate of 90.3 percent as of Sept. 11, 2020, after removing approximately 1,300 “no-shows” at open market leasing properties. This percentage also reflects assigned occupancy
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Prairie View, Texas — Parkview Financial has provided a $9.5 million construction loan for a 120-unit student housing project in Prairie View. The property will serve Prairie View A&M University and represents the first phase of a 390-unit development that
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Austin, Texas — Campus Life & Style (CLS) — the property management arm of Vesper Holdings — has been awarded management of three student housing communities totaling 1,558 beds. The new properties under management are owned by Campus Realty Advisors
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Sherman, Texas — Austin College and KWA Construction have opened Phase II of a residence hall development located on the college’s campus in Sherman, Texas. The 43,613-square-foot second phase of development, titled North Flats, was designed by Architecture Demarest. The community
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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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