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Recent Student Housing Transactions
Complete list of recent transactions
| Status Date Type |
Property Name Address City, ST/ Country |
Units Yr.Blt/Renov #bldgs/flrs |
Price in mil. $/unit Cap Rate |
Parties | Comments | |
| closed Oct'11 APT |
Stratum on Highland 510 S Highland St Memphis, TN/ US |
85 units 2008 5 flrs |
$9.2 $107,765 |
approx /unit |
McKinney Properties Inc from Bank of America by Cushman & Wakefield | Transaction resolved a Troubled situation; 95% occ.; Mid/Highrise/student hsng property; street retail (2,161 sq ft); 255 beds |
| closed Oct'11 APT |
Cottages at Baton Rouge 777 Ben Hur Rd Baton Rouge, LA/ US |
392 units flr |
n/a |
est | Kayne Anderson (KACALP) from Capstone Companies (Student Housing) | Garden/student hsng property; 1290 beds; part of 2 property portfolio |
| closed Oct'11 APT |
Lodges of East Lansing 2700 Hannah Blvd East Lansing, MI/ US |
220 units flr |
n/a |
est | Kayne Anderson (KACALP) from Capstone Companies (Student Housing) | Garden/student hsng property; 1290 beds; part of 2 property portfolio |
| closed Sep'11 APT |
West 27th Place 2700 S Figueroa St Los Angeles, CA/ US |
161 units 2011 7 flrs |
$64.0 $397,516 7.0% |
confm'd /unit quoted |
Kayne Anderson (KACALP) by Institutional Property Advisors - Marcus & Millichap Company from Symphony Development JV CityView by Institutional | 85% occ.; Mid/Highrise/student hsng property; street retail; 392 beds; Pedestriantocampus complex. |
| closed Sep'11 APT |
Lofts at Liberty 1600-1602 Chestnut St Philadelphia, PA/ US |
54 units 1954/2002 1 bldg/6 flrs |
$11.0 $203,704 7.5% |
confm'd /unit quoted |
Education Realty Trust Inc from Walton Street Capital by CBRE | Mid/Highrise/student hsng property; street retail (6,500 sq ft); 127 beds |
| closed Sep'11 APT |
University Village Towers 257 W Big Springs Rd Riverside, CA/ US |
149 units 2005 1 bldg/8 flrs |
$42.3 $284,191 6.3% |
confm'd /unit next yr |
Core Asset Group LLC(CAG) from Sharpe Holdings LLC | Transaction resolved a Troubled situation; All-cash deal; 87% occ.; Mid/Highrise/student hsng property; 525 beds; partial interest (90%);partner buyout |
| closed Sep'11 APT |
Sebastian Village 1416 W Washington St Greensboro, NC/ US |
108 units 2007 flr |
$7.5 $69,444 |
approx /unit |
Horizon Realty Advisors from Denton Educational Housing Corporation by Jones Lang LaSalle | 100% occ.; Garden/student hsng property; part of 3 property portfolio |
| closed Aug'11 APT |
University Courtyard 200 S Bonnie Brae Denton, TX/ US |
240 units 2001 3 flrs |
$28.6 $119,167 |
approx /unit |
Stirling Properties from South Coventry LLC | 99% occ.; Garden/student hsng property |
| closed Aug'11 APT |
Coventry Terrace 3030 July St Baton Rouge, LA/ US |
108 units 1973/1995 flr |
n/a |
est | Oculus Capital Group from University Suites by Drucker & Falk | 94% occ.; Garden/student hsng property; prior sale: Feb05 |
| closed Aug'11 APT |
University Suites 3216 Tropical Paradise W Raleigh, NC/ US |
136 units 2004 2 flrs |
$19.6 $144,301 |
confm'd /unit |
Vesper Holdings LLC from Hartman and Tyner Inc JV Bleznak Real Estate Investment Group | 98% occ.; Garden/student hsng/townhouse property; 518 beds |
| closed Aug'11 APT |
Woodland Mews 200 Fieldcrest St Ann Arbor, MI/ US |
233 units 1987 flr |
n/a | est |
American Campus Communities from Sunrise Apartments Ltd | Garden/student hsng property; 576 beds |
| closed Jul'11 APT |
University Edge 5694 Rhodes Rd Kent, OH/ US |
200 units 2012 3 bldgs/4 flrs |
$30.0 $150,000 |
confm'd /unit |
Bowling Green State Apts LLC from American Campus Communities by CB Richard Ellis | Transaction resolved a Troubled situation; All-cash deal; Garden/student hsng property; 300 beds; prior sale: Oct99 ($5.5 mil) |
| closed Jul'11 APT |
University Enclave II 912 Klotz Rd Bowling Green, OH/ US |
144 units 2006 3 flrs |
$7.2 $50,000 |
confm'd /unit |
Realco Capital Partners LLC from CW Capital Asset Management OBO COMM 2000-C1 | Garden/student hsng property; 854 beds; prior sale: Nov05 ;exercise preagreed purchase option; Property was acquired under a leasepurchase agreement after leasing the property from EDR since 2/1/2011 |
| closed Jul'11 APT |
Casa Cordoba 1303 Ocala Rd Tallahassee, FL/ US |
168 units 1973/2006 2 flrs |
$5.3 $31,399 |
approx /unit |
CSU Foundation Real Estate II LLC from Education Realty Trust Inc | 98% occ.; Mid/Highrise/student hsng property; 868 beds |
| closed Jul'11 APT |
Clayton Place 5809 N Lake Dr Morrow, GA/ US |
480 units 1999 3 flrs |
$20.5 $42,708 |
confm'd /unit |
Shore to Shore Equities by Apartment Realty Advisors from Dinerstein Companies by Apartment Realty Advisors | 99% occ.; Mid/Highrise/student hsng property; 348 beds |
| closed Jul'11 APT |
The Province 10921 N Mckinley Dr Tampa, FL/ US |
287 units 2009 flr |
$47.3 $164,808 |
approx /unit |
Kayne Anderson (KACALP) from Edwards Communities | 97% occ.; Garden/student hsng property; 947 beds |
| closed Jun'11 APT |
Seminole Grand 1505 W Tharpe St Tallahassee, FL/ US |
486 units 1995/2008 36 bldgs/3 flrs |
$66.0 $135,802 7.0% |
confm'd next yr |
Madison International Realty from Collier Companies by Jones Lang LaSalle | 98% occ.; Garden/student hsng property; 1554 beds; partial interest (80%); buyer assumed mtg; part of 2 property portfolio; seller retained interest; Madison paid $30 mil for 80% of the equity and assumed the existing debt. |
| closed Jun'11 APT |
The Enclave 3000 Sw 35th Pl Gainesville, FL/ US |
412 units 2008 13 bldgs/2,3 flrs |
$59.0 $143,204 7.0% |
confm'd next yr |
Madison International Realty from Collier Companies by Jones Lang LaSalle | 97% occ.; Garden/student hsng property; 1076 beds; partial interest (80%); buyer assumed mtg; part of 2 property portfolio; seller retained interest; Madison paid $30 mil for 80% of the equity and assumed the existing debt. |
| closed Jun'11 APT |
Lofts at Wolf Pen Creek 614 Holleman Dr E College Station, TX/ US |
265 units 2009 4,5 flrs |
$50.0 $188,679 7.0% |
approx next yr |
Gatehouse Bank from Asset Plus Corp by CB Richard Ellis | 98% occ.; Mid/Highrise/student hsng property; street retail (9,000 sq ft); 683 beds |
| closed Jun'11 APT |
The Courtyards 1231 Sw 3rd Ave Gainesville, FL/ US |
91 units 1970 4 flrs |
$16.5 $181,538 7.7% |
alloc'd /unit |
Tiforp Development Corp from Trimark Properties by Marcus & Millichap | 98% occ.; Mid/Highrise/student hsng property; 375 beds |
| closed Jun'11 APT |
Terrace View Apts Phase 123&9 301 Hunt Club Rd Blacksburg, VA/ US |
241 units 1972/1984 |
$17.3 $71,938 |
alloc'd /unit |
Wheelock Street Capital LLC JV Iconic Development from Stonemark Management by Holliday Fenoglio Fowler | 90% occ.; Garden/student hsng property; prior sale: Jun01 ; part of 5 property portfolio |
| closed Jun'11 APT |
Terrace View Apts Phases 5&7 301 Hunt Club Rd Blacksburg, VA/ US |
209 units 1966 |
$15.0 $71,938 |
alloc'd /unit |
Wheelock Street Capital LLC JV Iconic Development from Stonemark Management by Holliday Fenoglio Fowler | 88% occ.; Garden/student hsng property; prior sale: Feb01 ; part of 5 property portfolio |
| closed Jun'11 APT |
Terrace View Apts Phase 8 301 Hunt Club Rd Blacksburg, VA/ US |
89 units 1969/1984 |
$6.4 $71,938 |
alloc'd /unit |
Wheelock Street Capital LLC JV Iconic Development from Stonemark Management by Holliday Fenoglio Fowler | 95% occ.; Garden/student hsng property; Tenants: Publix; prior sale: Apr01 ; part of 5 property portfolio |
| closed Jun'11 APT |
Terrace View Apts Phase 4 301 Hunt Club Rd Blacksburg, VA/ US |
120 units 1961 |
$8.6 $71,938 |
alloc'd /unit |
Wheelock Street Capital LLC JV Iconic Development from Stonemark Management by Holliday Fenoglio Fowler | 94% occ.; Garden/student hsng property; Tenants: HEB Foods; prior sale: Jun01 ; part of 5 property portfolio |
| closed Jun'11 APT |
Terrace View Phase VI 5200 Progress St Blacksburg, VA/ US |
104 units 1973 |
$7.5 $71,938 |
alloc'd /unit |
Wheelock Street Capital LLC JV Iconic Development from Stonemark Management by Holliday Fenoglio Fowler | 95% occ.; Garden/student hsng property; prior sale: Jun05 ; part of 5 property portfolio |
| closed May'11 APT |
Down Under 1600 Old Bainbridge Rd Tallahassee, FL/ US |
168 units 2000/2006 flr |
$12.1 $48,790 7.5% |
approx /unit quoted |
Lynd Corporate from LNR Property Corporation OBO Wachovia 2006-C24 by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 96% occ.; Garden/student hsng property; part of 2 property portfolio |
| closed May'11 APT |
Forest Hills 1817 W Call St Tallahassee, FL/ US |
191 units 1974 flr |
$11.7 $61,162 |
alloc'd /unit |
Lynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 99% occ.; Garden/student hsng property; 218 beds; prior sale: Jan04 ; defaulted first mtg; part of 8 property portfolio |
| closed May'11 APT |
Osceola Ridge Apts 1001 Ocala Rd Tallahassee, FL/ US |
120 units 1991/2004 flr |
$7.3 $61,162 |
alloc'd /unit |
Lynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 88% occ.; Garden/student hsng property; 480 beds; prior sale: Mar05 ; defaulted first mtg; part of 8 property portfolio |
| closed May'11 APT |
Osceola Ridge II 1001 Ocala Rd Tallahassee, FL/ US |
69 units 2005 flr |
$4.2 $61,162 |
alloc'd /unit |
vLynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 97% occ.; Garden/student hsng property; 276 beds; prior sale: Oct05 ; defaulted first mtg; part of 8 property portfolio |
| closed May'11 APT |
Exchange at Tallahassee 2915 Sharer Rd Tallahassee, FL/ US |
324 units 2001 17 bldgs/3 flrs |
$19.8 $61,162 |
alloc'd /unit |
Lynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 100% occ.; Garden/student hsng property; 876 beds; prior sale: Aug05 ($28.5 mil); part of 8 property portfolio |
| closed May'11 APT |
Benchmark West 2202 W Pensacola St Tallahassee, FL/ US |
61 units 1974 flr |
$3.7 $61,162 |
alloc'd /unit |
Lynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 98% occ.; Garden/student hsng property; 70 beds; prior sale: Nov05 ; part of 8 property portfolio |
| closed May'11 APT |
Plaza 982 W Brevard St Tallahassee, FL/ US |
289 units 1971/1990 17 bldgs/2 flrs |
$17.7 $61,162 |
alloc'd /unit |
Lynd Corporate from LNR Property Corporation by Holliday Fenoglio Fowler | Transaction resolved a Troubled situation; 98% occ.; Garden/student hsng property; 359 beds; Redevelopment planned; prior sale: Jan04 ; part of 8 property portfolio |
| closed May'11 APT |
Campus Club 211 Lanier Dr Statesboro, GA/ US |
276 units 2003 3 flrs |
$34.5 $125,000 |
confm'd /unit |
Georgia Southern University from American Campus Communities | 95% occ.; Garden/student hsng property; 984 beds; prior sale: Jun08 |
| closed May'11 APT |
Westminster House 2311 Le Conte Ave Berkeley, CA/ US |
55 units 1927/2003 2 bldgs/2 flrs |
$16.3 $296,364 |
confm'd /unit |
Education Realty Trust Inc from Mustard Seed Housing Inc JV Presbyterian Westminster House | 65% occ.; Garden/student hsng property; 167 beds; Renovation planned; bought for renovation; estimated development cost: $800,00 |
| closed May'11 APT |
88 West 2001 Moreland Blvd Champaign, IL/ US |
240 units 2007 3 flrs |
n/a | est | Preiss Company JV Collier Companies from MarkPiercePoole Properties Inc | Transaction resolved a Troubled situation; Garden/student hsng property; 792 beds; prior sale: Jun07 ; defaulted first mtg |
| closed Apr'11 APT |
Collegiate Village 5091 Ivey Dr Macon, GA/ US |
84 units 1999 3 flrs |
$7.8 $92,857 |
confm'd /unit |
Macon State University from Education Realty Trust Inc | Garden/student hsng property; 336 beds; prior sale: Nov05 ; bought for occupancy |
| closed Apr'11 APT |
University Place 200 Oakcrest Dr Lafayette, LA/ US |
193 units 1980 3 flrs |
$8.6 $44,560 8.3% |
approx /unit next yr |
Realco Group by ARA from UPA LLC by Stirling Properties | All-cash deal; 96% occ.; Garden/student hsng property; Renovation planned; bought for renovation |
| closed Apr'11 APT |
Villas on Apache 1111 E Apache Blvd Tempe, AZ/ US |
111 units 1987/2006 3 flrs |
$14.8 $133,333 |
confm'd /unit |
University Communities LLC from American Campus Communities by CB Richard Ellis | 97% occ.; Garden/student hsng property; 259 beds |
| closed Apr'11 APT |
Jefferson Village 12700 Orpington St Orlando, FL/ US |
156 units 2007 13 bldgs/3 flrs |
$24.0 $153,846 |
approx /unit |
TriBridge Residential from JPI Multifamily Inc by Apartment Realty Advisors | Transaction resolved a Troubled situation; 99% occ.; Garden/student hsng property; defaulted first mtg |
closed Mar'11 |
Campus View East 600 Univesity Oaks Blvd College Station, TX/ US |
170 units 1977 flr |
n/a | est | Vesper Holdings LLC from Aspen Square Management | Garden/student hsng property; Renovation planned; bought for renovation; part of 2 property portfolio; 867 beds total, breakdown between the properties is unknown. Occupancy was 98% at closing. |
