Items Tagged with 'student housing'

ARTICLES

  • Student housing near University of Maryland breaks record for largest sale ever

    High-rise building sells for $235 million
    Rockpoint Group and Greystar sold University View, a 1,573-bed student housing high-rise near the University of Maryland in College Park, Maryland for $235 million to an undisclosed buyer, according to CBRE National Student Housing and CBRE Washington D.C. Multifamily, which represented the sellers in the transaction. According to CBRE, the sale is the highest dollar transaction for a single student housing asset in history.
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  • Greystar finalizes $4.6 billion purchase of student housing giant EdR

    The deal just went through after the shareholders voted "yes" last week
    It’s official. Greystar completed its acquisition of EdR, one of the nation’s largest student-housing firms. This news follows EdR stockholders’ vote to approve the merger at a meeting about a week ago. Greystar is dropping $4.6 billion on this acquisition. EdR’s stockholders will receive $41.50 per share in cash.
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  • Old school? Senior citizens' campus takeover

    Seniors are showing a growing preference for living on or near university campuses
    There appear to be a growing number of senior citizens looking for housing on or near universities. Investors are capitalizing on this demand, building senior housing around campuses, and one university is even putting a senior housing property on its campus in New York.
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  • Student housing bubble may have popped

    REIT hit hard as expensive schools lose students
    A REIT pouring money into student housing is taking a hit in trading as more students back away from expensive schools, making this segment of the market as volatile as any other sector.
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