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Student Housing Daily - February 26 - Centurion buys 748-bed Texas asset

Student Housing Daily - February 26 - Centurion buys 748-bed Texas asset

Core Spaces and Harrison Street recapitalize Boulder asset. USCB advances plans for two residence halls. LV Collective brings property management in-house. How student housing proeprties stand out in competitive market. Four new student housing deals.

Aid Sopjani & Matt H
February 26, 2026

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NEWS ROUNDUP

ACQUISITION: Centurion buys 748-bed Texas asset. Palantine Capital Partners sold Arba San Marcos, a 240-unit / 748-bed student housing community serving Texas State University in San Marcos, Texas, to Centurion Property Group. To finance the acquisition, Centurion originated a $42.5 million loan from Ladder Capital Finance.

FINANCING: Core Spaces and Harrison Street recapitalize Boulder asset. A JV between Core Spaces and Harrison Street Asset Management has recapitalized ōLiv Boulder, a 146-unit student housing community near the University of Colorado Boulder campus. Developed in 2024, the property offers studio to four-bedroom floor plans and amenities including a rooftop hot tub and sundeck, fitness center, study/co-working spaces, and on-site parking. TSB Capital Advisors was involved in the recapitalization; financial terms were not disclosed.

DEVELOPMENT: USCB advances plans for two new residence halls. The University of South Carolina Beaufort (USCB) is moving forward with plans to build two new residence halls—one on its main campus in Bluffton and another on its Hilton Head Island campus—to address rising demand for on-campus housing, according to Chancellor Al Panu.

EXPANSION: LV Collective brings property management in-house. LV Collective has launched a fully integrated, in-house property management platform, shifting operations internally as the company enters its next growth phase. Jonathan Reyes, LV Collective’s president, said the move is intended to better connect the resident experience by reducing friction and embedding mental, physical, and social well-being into day-to-day living. For several years, LV operated under a private-label arrangement with Cardinal Group Management, where Cardinal handled operations, accounting, and back-office functions while LV led leasing and marketing. Alex O’Brien, Cardinal’s CEO, said Cardinal is proud to have supported LV’s evolution and expects LV to continue “pushing the boundaries” of student housing. Louie Coella, LV’s Senior Vice President of Property Management, framed the change as vertical integration that aligns strategy with execution, enabling faster decision-making, stronger accountability, and more consistent operations as the portfolio grows.

READ: How student housing properties stand out in a competitive market.