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Student Housing Daily - April 16, 2026 - Raintree sells 153-unit portfolio for $62.6M

Student Housing Daily - April 16, 2026 - Raintree sells 153-unit portfolio for $62.6M

Mosaic delivers $56M community. FSU plans $374M expansion. Campus Apartments seeks up to $400M. What defines the sector in 2026? Four new student housing deals.

Aid Sopjani & Matt H
April 16, 2026

Good morning. Welcome to Student Housing Daily! In each issue, we cover the top stories, trends, and listings in student housing.

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NEWS ROUNDUP

DISPOSITION: Raintree sells 153-unit UCLA-area portfolio for $62.6 million. Raintree Partners has sold a four-building, 153-unit student housing portfolio in Los Angeles for $62.6 million. Institutional Property Advisors represented Raintree in the sale and also procured the buyer, a private investor, with Kevin Green, Joseph Grabiec, and Gregory Harris brokering the deal. According to IPA, it was the largest Westwood sale by unit count since 2020.

DEVELOPMENT: Mosaic delivers $56 million community near USC. Mosaic Investment Partners has completed a $56 million student housing development near the University of Southern California in Los Angeles. The seven-story community offers 250 beds across 53 fully furnished units in layouts ranging from studios to four-bedroom apartments. The development team included SVA Architects, Sorensen Architects, Oakwood Development Group, and Alpha Construction, while JLL Capital Markets arranged joint venture equity and mezzanine financing from HC2 Capital alongside a senior construction loan from Calmwater Capital.

DEVELOPMENT: Florida State plans $374 million expansion. Florida State University is advancing a $374 million campus expansion that centers on adding more student housing, with current plans calling for 1,200 new beds as part of the first phase. The university is working with the Division of Bond Finance and the Board of Governors to secure external financing, and its longer-term goal is to exceed 8,000 total beds by 2030. Construction is expected to begin in spring 2026, with the new housing projected to open in fall 2028.

DEVELOPMENT: Campus Apartments seeks up to $400 million for new investment vehicle. Campus Apartments is seeking to raise as much as $400 million through a new private-equity fund focused on student housing development and acquisition opportunities across the U.S. CEO David Adelman said the vehicle would combine parts of the company’s existing development pipeline into an institutional fund designed to pursue both ground-up projects and value-add deals as investor interest returns to rental housing assets.

READ: What defines the sector in 2026?