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Student Housing Daily - June 18, 2026 - Hawkins Way and Varde acquire 382-unit property for $80M

Student Housing Daily - June 18, 2026 - Hawkins Way and Varde acquire 382-unit property for $80M

LaSalle acquires 436 beds. Student Quarters secures $63.8M refinance. University of Tampa seeks up to $150M financing. Resurgence of student housing development in 2026. Four new student housing deals.

Aid Sopjani & Matt H
June 18, 2026

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

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NEWS ROUNDUP

ACQUISITION: Hawkins Way and Varde acquire 382-unit property for $80 million. Hawkins Way Capital and Varde Partners have acquired 117 W 70th St, a 382-unit student housing property on Manhattan’s Upper West Side, for $80 million. The property will become part of the joint venture’s FOUND Study platform, which now includes more than 6,000 beds across New York City. Ross Walker, Managing Partner of Hawkins Way Capital, said the acquisition aligns with the venture’s strategy of investing in high-quality student housing within supply-constrained urban markets while deepening relationships with academic institutions.

ACQUISITION: LaSalle acquires 436-bed community in Michigan. LaSalle Investment Management has acquired Red Cedar Flats, a 190-unit, 436-bed purpose-built student housing community within walking distance of Michigan State University in East Lansing, Michigan. The property was acquired on behalf of LaSalle Value Partners IX (LVP IX) alongside joint venture partners King Bridge Partners and Clear Rock Capital. Jeff Shuster, President of LaSalle Value Partners, said the acquisition aligns with the fund’s strategy of targeting campus-adjacent student housing at large universities with enrollment growth and limited housing supply. Joseph Paskov, Senior Vice President of LaSalle Value Partners, added that the investment offers attractive risk-adjusted return potential and downside protection.

FINANCING: Student Quarters secures $63.8 million refinance for Mississippi asset. Student Quarters has secured $63.8 million in refinancing for The Vista Starkville, an 820-bed student housing community serving Mississippi State University in Starkville, Mississippi. QuadReal Property Group originated the three-year floating-rate loan, while JLL arranged the financing. JLL’s Gregg Shapiro, Mike Brady, Sam Tarter, Christian Johnston, and Connor McCarthy represented Student Quarters in arranging the financing transaction.

FINANCING: University of Tampa seeks up to $150 million financing. The University of Tampa is seeking up to $150 million in bond financing for a new student housing project planned in Tampa, Florida. The development, being pursued in partnership with RISE, will include 238 units, 833 beds, ground-floor dining, and student services within an approximately 200,000-square-foot, 11-story building.

READ: Resurgence of student housing development in 2026.