ARLINGTON, TX-American Campus Communities Inc. has broken ground on a 488-bed student housing project adjacent to The University of Texas at Arlington. The off-campus development, dubbed University Centre, has a price tag of $24.9 million.

University Centre is just one of several development projects the Austin, TX-based student housing REIT has underway. Earlier this month, it announced that it had begun construction on four on-campus, owned projects totaling 3,249 beds. Collectively, the projects – two in Arizona, one in New Mexico and one in Texas – have a development cost of $156.6 million.

ACC says demand for student housing near UT Arlington has increased in recent years as the university’s enrollment has climbed to nearly 34,000 students. The university has a substantial waiting list that far exceeds the 4,400 beds currently available on campus.