Fort Worth, Texas — Greysteel has arranged the sale of University Village, a 16-unit multifamily property located one block from Texas Christian University (TCU) in Fort Worth. The community is the closest off-campus housing option for TCU students, according to Greysteel. Andrew Mueller of the company’s national multifamily team arranged the sale on behalf of the undisclosed buyer and seller. Further details on the property were not provided.
Houston — Ascendant Development has completed Haven at Elgin, a 649-bed student housing project that serves students at the University of Houston. The 16-story building sits on a 1.3-acre site that is adjacent to campus. Units range in size from 497 to 1,985 square feet and are furnished with vinyl plank flooring, granite countertops, kitchen backsplashes and stainless steel appliances. Amenities include study rooms on every floor, a fitness center with yoga and spin studios, outdoor kitchen space and a resort-style saltwater pool.
Huntsville, Texas — McNair Collegiate Partners has arranged the sale of Campus Edge Huntsville, a 192-bed student housing property located adjacent to the Sam Houston State University campus in Huntsville. The garden-style community is composed of three buildings offering four-bedroom units. Shared amenities include a resort-style swimming pool, 24-hour fitness center, private study lounges, a pet park and lounge area. Jeyton McNair and Mitch Holt of McNair represented the seller in the disposition. Both the buyer and seller were undisclosed.
Atlanta — PeakMade Real Estate has been awarded management of 10 student housing communities totaling 6,500 beds. The company was also recently awarded management of four multifamily communities totaling 500 units. The properties are owned by 14 different companies and span nine states, including California, Georgia, Florida, Nevada, Pennsylvania, South Carolina, Texas and Virginia. Five of the student housing projects are currently under development. The portfolio includes Reflection, a student housing community located adjacent to the Georgia State University campus in Atlanta. Further details on the portfolio were not disclosed. …
Denton, Texas — Vesper Holdings has acquired University Courtyard Denton, a 792-bed community located near the University of North Texas (UNT) campus in Denton. Built in 2001, the property offers a mix of one-, two- and four-bedroom, fully furnished units. Shared amenities include a resort-style swimming pool, fitness center, clubhouse, study rooms, fire pits, basketball and volleyball courts and a UNT shuttle stop. The community was acquired from an undisclosed seller in an off-market transaction. The new ownership plans to implement capital improvements, which will focus on unit, amenity and …
Lubbock, Texas — Technology provider Quext has acquired smart building technology platform Homebase for an undisclosed price. The combined company will create a single source for multifamily operators to receive smart technology and managed Wi-Fi solutions for residents. The two organizations will continue to independently grow their product offerings. Homebase CEO Blake Miller will join the Lubbock, Texas-based company has its new chief product officer.
Athens, Ga. — Landmark Properties has completed the development of 10 student housing properties valued at $2 billion ahead of the fall 2023 semester. The portfolio is the largest to be delivered off-campus in a single year, according to Landmark, and accounts for one-fourth of all student housing deliveries this fall. The portfolio, which offers a total of 8,195 beds, includes: The Standard at College Park, a 951-bed community located two blocks from the University of Maryland campus in College Park. The property offers units in studio through five-bedroom configurations, …
College Station, Texas and Columbus, Ohio — Parallel has completed two student housing developments located in Texas and Ohio. New openings include REV, an 802-bed community located near Texas A&M University in College Station; and Lumen on Ninth, a 351-bed property near the Ohio State University campus in Columbus. The 19-story REV development offers studio, one-, two-, three-, four-, five- and six-bedroom units. The project team included Rhode Partners, Levy Dykema and Rogers O’Brien. The community is managed by Cardinal Group. Lumen on Ninth offers units in studio, one-, two-, …
Denton, Texas — Vesper Holdings has acquired 33 North, a 427-bed student housing community located near the University of North Texas in Denton. Built in 2013, the mid-rise property offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a fitness studio, study lounge, club room, gaming centers, package lockers, an outdoor kitchen, infinity pool and garage parking with electric vehicle charging stations. The property was acquired in an off-market transaction, the terms of which were not disclosed. Vesper plans to implement a capital …
Arlington, Texas — Newmark has arranged the sale of and acquisition financing for Maverick Place, a 382-bed student housing community located near the University of Texas at Arlington (UTA) campus. Ryan Lang, Jack Brett and Ben Harkrider of Newmark represented the sellers, Waypoint UTA Maverick Place Owner LLC and Waypoint Maverick Land Owner LLC, in the transaction. Jorden Roeschlaub, Dustin Stolly, Ben Roelke, Ian Walker and Trent Houchin, also of Newmark, secured acquisition financing on behalf of the buyer, Axonic Properties LLC. The garden-style community offers a mix of one-, …
