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Student Housing Daily - December 11 - Northstar REIS brokers $44.5M sale

Student Housing Daily - December 11 - Northstar REIS brokers $44.5M sale

Intercontinental and Interwest acquire 622 beds. CRG and Kenter Capital break ground. Gilbane appoints new Head of Asset Management. Top 5 Southern Universities for student housing development. Four new student housing deals.

Aid Sopjani & Matt H
December 11, 2025

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NEWS ROUNDUP

DISPOSITION: Northstar REIS brokers $44.5 million sale. Northstar REIS has arranged the $44.5 million sale of Squire Hill Apartments, a 504-bed student housing community located near James Madison University in Harrisonburg, Virginia. Jack Stead of Northstar REIS represented both the buyer, North Beacon Capital, and the seller, The Michaels Organization, in the transaction.

ACQUISITION: Intercontinental and Interwest acquire 622 beds. A JV between Intercontinental Real Estate and Interwest Capital Group has acquired River Edge, a 175-unit, 622-bed student housing community serving Boise State University in Boise, Idaho. The property opened in 2015 and the purchase price was not disclosed. The seller was Green Leaf Capital Partners.

DEVELOPMENT: CRG and Kenter Capital break ground on 491 beds. A JV between CRG and Kenter Capital has begun construction on Chapter Alder, a 491-bed, 133-unit student housing community in Eugene, Oregon, slated to deliver ahead of the 2027 academic year. LJC is serving as designer on the project.

PEOPLE MOVES: Gilbane Development appoints new Head of Asset Management. Gilbane Development has named Brian Killinger as Head of Asset Management, tasking him with overseeing the firm’s growing national real estate portfolio and driving long-term value for investors and partners. James Patchett, President and CEO of Gilbane Development, said Killinger’s appointment comes at a pivotal moment as the firm scales its investment and development activities nationwide.

READ: Top 5 Southern universities for student housing development.