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Student housing developer Panteras Development Partners and owner-operator Miyama USA Texas entered into a long-term ground lease with Texas Wesleyan University to launch a new project, The Rosedale.
A $282 million mixed-use complex is underway that will provide essential student housing including academic, community and retail space on the UC Hastings campus, and is slated for occupancy in June 2023.
Multifamily market sentiments have risen from recent lows but lenders rank its performance higher than most other forms of commercial real estate despite persistent headwinds and ongoing uncertainty.