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
…
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
…
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
…
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
…
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
…
When the news of the coronavirus disease first began slowly whispering its way through the country in early 2020, the idea of a full-blown, global pandemic was the furthest thing from anyone’s mind — especially in the off-campus student housing
…
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
…
Construction has been one of the lucky few segments of the economy that has continued humming along during the pandemic. Student housing projects are still going on as planned, as construction has mostly fallen into the “essential” category of business
…
Austin, Texas — In response to the COVID-19 pandemic, American Campus Communities announced its collaboration with RB — the makers of Lysol and a global leader in hygiene products — to set a new standard and formalized approach for cleanliness
…
It remains unclear exactly which trends will outlast the COVID-19 pandemic, but student housing owners expect that the rise of distance learning will have lasting effects beyond just the 2020 spring and summer semesters. In response to the outbreak in
…