Student Housing Daily - October 16 - Bromley to develop 400 beds

Georgia Tech breaks ground on freshman dorm. California to issue $84M in bonds for Cabrillo College. Rockwood Capital to integrate with Harrison Street. MSU Texas sees record enrollment for first-time, full-time students. Four new student housing deals.

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Aid Sopjani & Matt H
October 16, 2025

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NEWS ROUNDUP

DEVELOPMENT: Bromley partners with Univeristy of Illinois to develop new 400-bed project. The Bromley Companies and the University of Illinois Urbana-Champaign have announced a partnership to develop Bromley Commons, a new 400-bed residence hall aimed at first-year students.

DEVELOPMENT: Georgia Tech breaks ground on first new freshman dorm in over 50 years. Georgia Tech has officially broken ground on the Curran Street Residence Hall, a freshman dorm that will add 862 beds to campus housing. The residence hall is set to open next year and marks the university’s first new freshman dorm in over half a century.

FINANCING: California to issue $84 million bonds for Cabrillo College. The California Municipal Finance Authority is set to issue approximately $84 million in tax-exempt bonds to support the development of new student housing at Cabrillo College in Aptos, California. The issuance includes $78.1 million in Senior Series 2025 A Student Housing Revenue Bonds and $6 million in Subordinate Series 2025 B bonds. Proceeds will fund the construction and equipping of a 647-bed student housing facility, a 5,940-square-foot childcare center, and a 2,173-square-foot district office space on Cabrillo College’s campus.

MARKET: Rockwood Capital to integrate with Harrison Street. Rockwood Capital has announced its integration into Harrison Street. Rockwood’s Co-Managing Partners Tyson Skillings and David Becker will transition into roles as Co-Chief Strategy Officers at HSAM while continuing to manage Rockwood’s existing investment vehicles. One of their first areas of collaboration will be in private credit, focusing on U.S. residential transactions across multifamily, student housing, BTR, SFR, and senior living. Christopher Merrill, HSAM’s Co-founder and CEO, noted that the combination of Harrison Street’s reach and Rockwood’s cycle-tested team creates a platform well-positioned for global growth.

STUDENT HOUSING FOR SALE

Click each image for more information:

The View on the Square | 228 S Guadalupe St, San Marcos, TX 78666

390 Beds | Built in 2022 | 98.2% Occupancy | Avg. Market Rent Per Bed: $984

Beekman on Broadway | 1200 Broadway St., Ann Arbor, MI 48105

706 Beds | 540 Units | Priciest Single-Asset Student-Housing Listing Since 2023 | Price: $190,000,000 | Price Per Bed: $269,000

The Townhomes and Flats at Morehead State University | 145 Lois Ln, Morehead, KY 40351

110 Units | Fully Stabilized | 100% Occupancy | NOI: $962,004 | Avg. Rent: $1,005/Unit

Clemson Village | 31 Clemson Place Circle, Clemson, SC 29631

0.8 Miles to Campus | Current Ownership Has Invested Approximately $2.5M ($26K/Unit) In Renovation | 98.2% Avg. Occupancy from AY ‘22-’23 to AY ‘25-’26

ONE MORE THING

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