Charlottesville, Va. — University Partners has acquired The Pavilion at North Grounds, a 528-bed student housing property located near the University of Virginia in Charlottesville. The community was developed in 2013 and offers a mix of one-, two- and three-bedroom
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Fairfax, Va. — The Fairfax County Redevelopment and Housing Authority (FCRHA) has closed on financing for the development of One University, a mixed-use project located near the George Mason University campus. Groundbreaking is scheduled for January 2022. The development will
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Richmond, Va. — Coastal Ridge Real Estate has been awarded management of Ascend RVA, a 468-bed community currently under development by The Opus Group near the Virginia Commonwealth University campus in Richmond. The 12-story property will offer furnished studio to
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Blacksburg, Va. — Coastal Ridge Real Estate has been awarded management of a 3,078-bed portfolio serving students attending Virginia Tech University in Blacksburg. The properties, which are owned by San Francisco-based Reliant Group, include Collegiate Suites & Hunters Ridge, Maple
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Blacksburg, Va. — Graystone Fund I (GFI) has acquired Hearthstone Apartments, a 158-bed multifamily portfolio located near the Virginia Tech campus in Blacksburg, for $16.9 million. The portfolio is 20 percent occupied by undergraduate students, with the rest of the units
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Blacksburg, Va. — Graystone Fund I (GFI) has acquired a 456-bed, 140-unit portfolio of student housing near the Virginia Tech University campus in Blacksburg for $33.8 million. The properties were previously owned and managed by BCR Property Management. GFI plans to
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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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Harrisonburg, Va. — Campus Apartments has acquired Aspen Heights Harrisonburg, a 600-bed, cottage-style student housing community located near James Madison University. The property offers two-, three-, four- and five-bedroom units. Shared amenities include a 24-hour fitness center, computer lab, study
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Blacksburg, Va. — Eyzenberg & Co. has structured a ground-lease on behalf of Sturbridge Square LLC and procured Greystar to redevelop an 11.5-acre site near Virginia Tech University. The property — located at 1001 University City Blvd. one mile north
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Harrisonburg, Va. — Financial Federal Bank has provided a $38.7 million loan to refinance North 38 Apartments, a 228-unit student housing community near James Madison University (JMU) in Harrisonburg. The property was built in 2009 and offers 816 beds and fully
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Arlington, Va. — Marymount University has acquired The Rixey, a 267-unit conventional multifamily community located in the Ballston neighborhood of Arlington. The university plans to convert the property into a 502-bed, college-affiliated community offering apartment-style units for upperclassmen, graduate students,
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Williamsburg, Va. — A joint venture between Broad Street Realty, Bridger Corp. and Lamont Street Partners is set to break ground on a 240-unit mixed-use community located near The College of William & Mary. The community is part of the final
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