Birmingham, Ala. — Capstone Development Partners has launched a new corporate program named Stepstone in support of improving access to higher education. An initial investment of $100,000 was seed-funded by principals of Capstone in December 2019 and has been annually
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Spring semester is now underway at some schools, but for many universities and colleges, the roadmap for returning to campus after winter break was less than crystal clear. A number of institutions have pushed back re-opening their campus to a
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As we approach the one-year anniversary of the start of the pandemic, it is undeniable that COVID-19 has had an impact on the way we go about our day-to-day lives. Across every sector of commercial real estate, we’ve had to
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Student Housing Business talked with Michael Baird, managing director of municipal finance at RBC Capital Markets, regarding the pandemic’s impact on funding for public-private partnership developments and potential long-term changes in the industry moving forward. SHB: How would you characterize
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Each year public-private partnership development seems to hit a new milestone within the industry. Universities have come to realize the benefits of leveraging the expertise and funding options available to the private sector in order to create best-in-class, unique residence
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Ever awakened surprised you didn’t have a hangover? Many student housing operators are feeling that way this fall. With many universities closing early in March 2020, a number of off-campus student housing properties expected to see their unexpected vacancies translate
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Pullman, Wash. — Highland Realty Capital has secured a $40.95 million bridge loan for The Ruckus, a 976-bed student housing community located near Washington State University in Pullman. The company secured financing — $2 million of which will be used
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Lansing, Mich. — The Michigan Department of Health and Human Services issued an emergency order on Sunday, Nov. 15, that enacted a three-week pause on indoor social gathering in an effort to curb rapidly rising COVID-19 infection rates. Universities, colleges
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Prior to the start of the COVID-19 pandemic, student housing development was moving forward at a fast clip. This was particularly seen in the public-private partnership development (P3) segment, which has been growing in popularity year by year as universities
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Akron, Ohio — Capstone Real Estate Investments (CREI) has acquired 22 Exchange, a 471-bed student housing community located near the University of Akron in Ohio, for $12.5 million. The property offers two-, three- and four-bedroom units alongside shared amenities including
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