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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Blacksburg, Va. — A joint venture between Core Spaces and Kayne Anderson Real Estate is set to break ground on Hub on Campus Blacksburg, a 1,530-bed student housing community serving students at Virginia Tech. The project will be delivered in
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Blacksburg, Va. — NorthMarq has arranged $16 million in construction financing for Park 37 Apartments, a 215-bed student housing community located near the Virginia Tech campus in Blacksburg. Mike Lowry of NorthMarq secured the loan through a regional bank on
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Virginia Beach. Va. — The Franklin Johnston Group and Virginia Wesleyan University (VWU) have broken ground on Coastal 61 at Oxford Village, a planned 244-unit community situated adjacent to the university. The development will be located on a vacant site
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Arlington, Va. — Gilbane Development Co. has announced the expansion of the company’s student housing platform and the appointment of Jeff Resetco as senior development director. Resetco will work to enhance the company’s capacity to develop student housing from a
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