Student Housing

The joint venture will focus on student housing and has already completed its first purchase, a nine-property portfolio near USC.

"This asset class is becoming a safe haven for domestic and foreign capital and the market should remain strong."

ACC collaborated with Seattle's Urban Artworks to recreate Daniel Johnston's infamous "Jeremiah the Innocent" Austin mural as a permanent exterior installation at the University of Washington.

Mount Sinai Hospital is expanding its lease square footage at 207 East 94th St., a 50,000-square-foot building on the Upper East Side. Hirschfeld Properties owns the 50,000-square-foot building with asking rents of $55 per square foot.

The sale of Sol at West Village, a 2,289-bed 663-unit luxury student housing community at UC Davis, surpasses the $235 million University View transaction sold in 2018.

Private equity investment firm Pebb Capital and TriArch Real Estate Group, a New York-based real estate investment and management firm, has sold The Alabama, a trophy student housing asset located at 15 E. 11th St. for an estimated $104 million.

CA International, the international division of CA Ventures, reports it will invest $325 million to expand the firm's multifamily and student housing presence in the Mexico cities of Monterrey, Mexico City and Merida.

The company has opened a new regional office to serve its East Coast projects, and has additionally appointed a new executive to lead its practices.