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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 joint venture launches as investor appetite for these assets grows increasingly stronger.
These transactions totaled 37 properties across 19 states and 31 universities.
The oversubscribed fund will invest in medical office, seniors housing and student housing assets.
In general investment is up this year at $4.85 billion so far, compared with $6.25 billion for all of 2020.
The Mark is a 360,000-square-foot tower with 200 units that can accommodate 850 students.
However, the National Multifamily Housing Council estimates the student housing market will grow by an average annual increase of 0.8% per year.
Overall, the sector has a strong profile but is wobbling a bit after the pandemic.
The firm's largest closed-end fund ever will eye seniors housing and student housing, among other sectors.
Campus adjacent and high-rise student properties see higher net rental income, NMHC annual survey showed.
Asking rents are expected to decline this fall, the first such decrease in the sector since 2014.