Student Housing

The student housing market is on track to keep pace with the strong leasing activity last year.

The 598-bed property near Clemson University has been rebranded as The Collective University.

New apartment projects have both by-the-bed leasing for students and conventional by-the-unit apartments for adult professionals.

The project is a joint venture with The McKinney Fund & Company, with Central Bank of St. Louis and Central Bank of the Midwest providing the construction financing for the project.

The 99-year ground lease will bring UMass $235 million and has the potential to foster 3.4 million square feet of mixed-use development at the property.

The firm looks to continually expand its student housing portfolio, which currently spans across 13 states.

Off Campus Partners enters into exclusive agreements with universities to provide an off-campus housing listing service.

And with a growing pool of investors — including sovereign wealth funds — that makes sense. Two SVPs from PNC Real Estate are bullish on the sector as well.