Exterior of student housing building Core Spaces’ Hub Eugene near the University of Oregon, one of the properties in the portfolio ACC will eventually own.

NEWPORT BEACH, CA—The two pure-play student housing REITs, American Campus Communities and EdR, each made the news last week at different ends of the off-campus vs. on-campus spectrum. ACC said it would pay $590.6 million to recapitalize and ultimately acquire seven off-campus properties from affiliates of Core Spaces and DRW Real Estate Investments. EdR announced the hiring of industry veteran Jason Taylor as SVP within the company’s university partnerships team.