Premier Student Housing commercial real estate news, analysis, trends and information for private and public college dormitories, and on- and off-campus university apartments.
The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets,
Trinity Property Consultants has taken immediate action to reposition Dobie Twenty21 with updates including modernizing each studio and suite, the dining hall and cooling system, based on resident feedback.
“With the completion of the TPG Real Estate Partners III fundraise, we are well-capitalized to execute our distinctive investment strategy and continue building a differentiated investment portfolio,” says Kelvin Davis, founder and co-head of TPG Real Estate.
The transaction was structured with a seven-year term, with 30 months of interest-only (during construction) followed by a 30-year amortization schedule.
Nelson Partners acquired Skyloft, a class-A student housing property for $100 million; a property located one block from the University of Texas and already 77% preleased for the 2019-2020 academic year.
Student housing is one of those assets that continues to shine despite the stage of economic cycle, which held true for a recent refinance loan of Capstone Cottages of Lubbock near Texas Tech University.
Listen to an exclusive interview with Jeff Kozek and Jim Gallagher, construction litigation consultants, who say there are five broad construction litigation trends developers should keep in mind during 2019.
Weill Cornell Medical College acquired the Church of the Epiphany property for $68 million, which funded the seller's purchase of another church one block west for $22.5 million.
College officials stressed that the planned move of the college's graduate programs and the Alliance Theological Seminary to its Manhattan campus at 2 Washington St. in Lower Manhattan will proceed as originally planned for the fall 2019 semester.