Student Housing Daily - December 16 - Preiss sells 532 beds

Campus Invesco acquires 128-bed property. Gilbane, WKU advance $300M revamp. Landmark-Manulife to develop 825-bed complex. Predictions for the year ahead. Four new student housing deals.

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Aid Sopjani & Matt H
December 16, 2025

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NEWS ROUNDUP

DISPOSITION: Preiss sells 532 beds. Preiss has sold Market 100, a 532-bed student housing community near Georgia Southern University in Statesboro, Georgia, to RDG Student Housing, a division of Redeeming Development Group. JLL arranged the sale and financing, with Bayview Asset Management providing a three-year acquisition loan. The property was 97% occupied at sale. Teddy Leatherman, Scott Clifton, and Kevin Kazlow led JLL’s team for the seller, while Jayme Nelson and Dan Kearns advised RDG on debt.

ACQUISITION: Campus Invesco acquires 128-bed property. Campus Invesco has purchased Wildcat Canyon Village, a 128-bed student housing community for $8 million. Built in 1968, the property includes 76 units and offers a value-add opportunity to expand to 164 beds through unit conversions. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller.

DEVELOPMENT: Gilbane, WKU advance $300 million campus housing revamp. Gilbane has entered a public-private partnership with Western Kentucky University (WKU) to modernize campus housing in Bowling Green, Kentucky, with the WKU board approving a predevelopment agreement for Phase One. The first phase will replace Poland Hall and Douglas Keen Hall with a 980-bed residence featuring private and semi-private suites. Final approval and financial close are targeted for the first half of next year, kicking off a multi-year master plan that includes future renovations and new living-learning models, representing more than $300 million in total housing investments.

DEVELOPMENT: Landmark Properties and Manulife to develop 825-bed student housing at Auburn. A JV between Landmark Properties and Manulife Investment Management has acquired a 3.3-acre site near Auburn University and will soon break ground on The Mark Auburn, an 825-bed student housing community scheduled for fall 2028 delivery. The development team also includes Peninsula Investments, BKV Group, and Landmark Construction.

STUDENT HOUSING FOR SALE

Click each image for more information:

The View on the Square | 228 S Guadalupe St, San Marcos, TX 78666

390 Beds | Built in 2022 | 98.2% Occupancy | Avg. Market Rent Per Bed: $984

Beekman on Broadway | 1200 Broadway St., Ann Arbor, MI 48105

706 Beds | 540 Units | Priciest Single-Asset Student-Housing Listing Since 2023 | Price: $190,000,000 | Price Per Bed: $269,000

The Townhomes and Flats at Morehead State University | 145 Lois Ln, Morehead, KY 40351

110 Units | Fully Stabilized | 100% Occupancy | NOI: $962,004 | Avg. Rent: $1,005/Unit

Clemson Village | 31 Clemson Place Circle, Clemson, SC 29631

0.8 Miles to Campus | Current Ownership Has Invested Approximately $2.5M ($26K/Unit) In Renovation | 98.2% Avg. Occupancy from AY ‘22-’23 to AY ‘25-’26

ONE MORE THING

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