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Tramell aims to build 475 student beds.
The shopping center, costing almost $65 million, is over 91 percent occupied.
It is also planning to spend another $1.5 billion to $2 billion on acquisitions.
The cost comes out to $377,264 per unit.
Kaiser sells 21-story building at a bargain benchmark of $32 per SF.
Lower rates are driving refinancing higher, but applications are still limited as many people hold sub-5% rates.
The move will help the commercial truck attachments firm pay back debt.
Seller Live Helio will be responsible for finishing the construction of the ADUs.
City drops affordable requirement in bid to revive 47-story Hayes Point.
The project would include 214 hotel rooms and 87 multifamily units.