Student Housing

Pryde leads KTGY's Chicago practice, creating multifamily, mixed-use, senior living and student housing projects in the Midwest region.

With a portfolio of 1,282-beds in Upstate New York, OC Ventures is the second-largest off-campus student housing provider in New York State.

Student housing and multifamily are both seen as recession-resistant asset classes, but how will they compare in the next downturn?

The project now named The Green on Campus Drive, reportedly valued at approximately $100 million, will consist of five buildings with 1,605 beds—single-occupancy rooms for residents—as well as a parking structure.

Raleigh, NC-based Preiss and a private real estate fund advised by Crow Holdings Capital have closed on the purchase of the 694-bed Luxx student housing complex that serves the University of Texas San Antonio.

The rising possibility of a downturn has driven capital to more recession-proof asset classes, including student housing.

The new program offers qualified borrowers non-recourse loans in the $2-million to $20-million range for acquisition or refinance transactions.

The expansion of the existing P3 between Howard University and Corvias increases the scope of the arrangement to 3,009 beds, $144 million in capital raised, a total of $1.7 billion in total economic impact and $39.5 million in debt defeasance.