Student Housing

While noting that the college's current budget is balanced and its $52-million endowment has been strong, the harsh financial realities of small universities in the United States could not be ignored.

The Raleigh, NC-based student housing owner-operator purchased the 288-bed, 58-building complex located less than two miles from the University of Texas—San Antonio, in partnership with Hong Kong-headquartered investment firm Centaline Investment Management Co.

Located in the southeast area of the UNCW campus, the development's first phase is scheduled to service students for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students.

Cassetti will focus on growing Colliers' operations and business throughout the region, while recruiting top talent and providing clients with the highest level of service.

FHLBank's suite of financial services includes cost loans (advances), which may be used for community development lending, asset/liability management and general funding.

“The seller was able to capitalize on strong market conditions and sell at a great price due to the demand of the University City submarket,” says Ken Wellar, managing partner at RRA.

Beth Pinder has been named to lead CA Management Services, which will oversee operations across the real estate investment company's student and residential housing portfolios.

While housing shortages continue in both conventional apartments as well as student housing throughout Northern California, Greystar is focused on providing new housing in the right locations.