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Student Housing Daily - May 14, 2026 - Core Spaces closes $1.6B student housing fund

Student Housing Daily - May 14, 2026 - Core Spaces closes $1.6B student housing fund

Campus Apartments acquires 546 beds. Morrison Avenue breaks ground on 222-bed project. Subtext promotes new partner. National student housing report - April 2026. Four new student housing deals.

Aid Sopjani & Matt H
May 14, 2026

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NEWS ROUNDUP

FUNDRAISING: Core Spaces closes $1.6 billion fund to fuel US expansion. Core Spaces has closed its flagship student housing fund with $1.6 billion raised from global investors, marking one of the sector’s largest capital raises. The company said the fund will support continued expansion through new development and acquisitions across the U.S., with a strategy centered on Tier 1 university markets and urban infill student housing projects. Marc Lifshin, co-founder and CEO of Core Spaces, said the firm’s focus remains on communities near universities that emphasize student engagement and strong operations.

ACQUISITION: Campus Apartments acquires 546-bed community in Georgia. Campus Apartments has acquired a 546-bed student housing community near Georgia Southern University in Statesboro. The garden-style property, located along Main Street, includes 180 units in one-, two-, and four-bedroom layouts. Amenities include a 24-hour fitness center, resort-style pool, study spaces, and resident lounges.

DEVELOPMENT: Morrison Avenue breaks ground on 222-bed project in Georgia. Morrison Avenue Capital Partners has broken ground on a 222-bed student housing development at 218 North Ave. in Athens, near the University of Georgia campus. The garden-style community will offer one- through four-bedroom units and include amenities such as a clubhouse, fitness center, pool, and grilling pavilion. Renasant Bank provided debt financing for the project, Cloverleaf Construction is serving as builder, and CollegeTown Properties will manage the community once it is completed.

PEOPLE MOVES: Subtext promotes Mitchell Korte to partner. Subtext has promoted Mitchell Korte to partner, while he continues in his role as executive vice president of development. Based in St. Louis, Korte oversees market strategy, site selection, land acquisition, entitlements, design, deal structuring, and stabilization across the firm’s development projects. Brandt Stiles, founding partner and co-CEO of Subtext, said Korte is the company’s longest-tenured team member and has played a major role over the past decade in shaping both its projects and its broader culture and execution approach.

READ: National student housing report - April 2026.