• Student Housing Daily
  • Posts
  • Student Housing Daily - February 19 - Oaktree refinances 720-bed UC Berkeley student housing

Student Housing Daily - February 19 - Oaktree refinances 720-bed UC Berkeley student housing

Medical College of Wisconsin plans first on-campus housing. University of Pittsburgh plans 400-bed dorm. University of Virginia advances $160M housing project. National student housing report - February 2026. Four new student housing deals.

AuthorAuthor

Aid Sopjani & Matt H
February 19, 2026

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

→ Make someone’s day! Forward Student Housing Daily to clients and colleagues. They can sign up here.

Now, let’s get to it.

NEWS ROUNDUP

FINANCING: Oaktree refinances 720-bed UC Berkeley student housing. JLL Capital Markets arranged a takeout refinancing for Article Student Living’s IDENTITY Logan Park, with financing provided by funds managed by Oaktree Capital Management. Katy Mao of Oaktree’s real estate debt team cited Berkeley’s high-barrier, limited-supply dynamics as a key factor supporting lender appetite.

DEVELOPMENT: Medical College of Pittsburgh plans first on-campus housing. Medical College of Wisconsin is planning its first on-campus student housing community, The Commons at MCW, a 270-unit, four-story project on an MCW-owned site in Wauwatosa. Opening is targeted for spring 2028.

DEVELOPMENT: University of Pittsburgh plans 400-bed dorm. University of Pittsburgh is planning a new 400-bed, traditional-style residence hall for first-year students. The project is in a design-build selection process, with interviews this month and a final team selection expected in the spring, followed by Board of Trustees review in May. If approved, design and construction would begin immediately, targeting completion in summer 2028 for student move-in that fall.

DEVELOPMENT: University of Virginia advances $160 million housing project. University of Virginia is progressing with upperclassmen housing at its Ivy Corridor expansion, which will include two six-story residence halls delivering between 750 and 800 beds at the intersection of Emmet Street and Ivy Road. Approved in February 2025 by the Board of Visitors Buildings and Grounds Committee, the $160 million project responds to an 81% increase in upperclassmen on-Grounds housing applications between Fall 2021 and Fall 2025, according to university spokesperson Bethanie Glover.

STUDENT HOUSING FOR SALE

Click each image for more information:

The James | 601 W Bacon St, Richmond, VA 23222

691 Beds | 94% Current Occupancy | Built in 2012

Academy 65 | 1325 65th Street, Sacramento, CA 95819

309 Beds | Avg. Pricing is $118 Per Bed Below Nearby Competitive Properties | 95.3% Current Occupancy | Asking Price: $31,000,000 | CFO: February 9
 

Greyhound Two Pack | Portales & Roswell, NM

489 Beds | 2 Properties | Asking Price: $14,000,000 | CFO: February 10

The Edge on Washington | 1136 W Washington St, Stephenville, TX 76401

341 Beds | 94% Current Occupancy | Class A | Zero Development Pipeline in the Area

ONE MORE THING

→Try our resources for student housing pros: