Student Housing Daily - August 26 - Core Spaces acquires 670 beds

Good morning. This is Student Housing Daily, and do we have your attention yet?

→ We are here to serve the owners, brokers, managers, and capital providers that specialize in student housing. Do us a favor, and forward this email to your favorite student housing pro. They can sign up here.

Now, let’s get to it.

NEWS ROUNDUP

ACQUISITION: Core Spaces acquires 670 beds. Core Spaces has acquired Villas on 24th, a 670-bed student housing community in Austin’s West Campus. Opening this month, the 199-unit property offers studio to six-bedroom layouts with bed-to-bath parity for University of Texas at Austin students.

DISPOSITION: CBRE arranges sale of 758-bed complex. CBRE has arranged the sale of Clubhouse, a 758-bed complex serving University of Louisville students.

DEVELOPMENT: Sandrock Partners breaks ground on Alabama student housing community. Sandrock Partners has begun consturciton on Hilltop Auburn, a 30-townhome student housing community serving Auburn University. Set to open in Fall 2026, the project offers four- and five-bedroom residences with private baths, modern finishes, and coffee bars on every floor. “Student living should be about more than just a place to sleep—it should be about building connections, making memories, and feeling at home in the community,” said Ross Peterson, managing director of operations at Sandrock Partners.

PEOPLE MOVES: Gilbane Development appoints new VP of Development. Gilbane Development has named Tyler Greene vice president of development, tasking him with driving the company’s entry into Salt Lake City. “Entering Salt Lake City represents a significant milestone in Gilbane Development’s national growth strategy, and we’re thrilled to take that step with Tyler Greene leading the charge,” said Alastair Jenkin, senior vice president of multifamily at Gilbane.

READ: Top 5 marketing tactics to fill student housing beds faster.

THE SMART MONEY IS IN ALTS

The team behind Student Housing Daily just launched CREalts, the single news source that covers 30 niche CRE segments.

One scroll every morning keeps you up to date on all the transactions, trends, and capital movements in alts.

Click here to subscribe: Subscribe to CREalts.

STUDENT HOUSING FOR SALE

Click each image for more information:

30 Units | Proximity to Campus | Tomwhome Community | Built in 2025

504 Beds | Below Market Rate Assumable Debt of $12,783,321 At a 3.875% Interest Rate | 72.82% Prelease | 0.1 Miles to Campus

123 Beds | Built in 2022 | 100% Occupancy | 98% Prelease | Weighted Avg. Rate For AY ‘25-’26: $1,291

375 Beds | Built in 2013 | 75 Units | 97.6% Prelease Occupancy | Avg. Market Rent Per Bed: $1,239

ONE MORE THING

→Try our resources for student housing pros:

Search Properties (beta) | Student Housing News | Comps (coming soon) | Professional Network (coming soon) | Advertise Listings | Share a Closing Announcement