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Student Housing Daily - October 31 - McNair Collegiate Partners advises Article on 95-bed acquisition

Student Housing Daily - October 31 - McNair Collegiate Partners advises Article on 95-bed acquisition

Landmark breaks ground. Lynn University adds 287 beds. NYS Common Retirement Fund commits $810M across four funds. Student housing investment up despite international enrollment declining 11%. Four new student housing deals.

Aid Sopjani & Matt H
October 31, 2025

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NEWS ROUNDUP

ACQUISITION: McNair Collegiate Partners advises Article Student Living on 95-bed acquisition. McNair Collegiate Partners consulted Article Student Living on the acquisition of Santana Court, a 95-bed student housing property adjacent to Oregon State University.

DEVELOPMENT: Landmark breaks ground on 546-bed project in Pennsylvania. Landmark Properties, in partnership with Golden Primera and Peninsula Investments, has begun construction on The Retreat at Westerly, a 546-bed, 142-unit student housing community in State College, Pennsylvania. The 11.2-acre site will feature townhome and garden-style units with fall 2027 targeted for occupancy and leasing beginning in fall 2026. According to Jason Doornbos, Landmark’s Chief Development Officer, the expansive site enables more amenities than typical infill locations and is well-timed with Penn State’s enrollment growth.

DEVELOPMENT: Lynn University adds 287 beds with new residence hall. Lynn University has officially opened Banyan Residence Hall, a 287-bed, 101,232-SF facility designed for sophomores. Developed through a public-private partnership with The Michaels Organization and Provident Resources Group, Banyan marks the university’s second P3 project. The project team included Ayers Saint Gross (architect), Brailsford & Dunlavey (project manager), and Kaufman Lynn (general contractor). Michaels Student Living manages the facility.

FUNDRAISING: NYS Common Retirement Fund commits $810 million across four real estate funds. The New York State Common Retirement Fund (NYSCRF) committed $810 million to four real estate vehicles in August, as part of its ongoing real estate investment strategy. Kayne Anderson Real Estate Partners VII was allocated $250 million for its opportunistic fund focused on senior housing, medical office, and student housing, with a $4 billion fundraising target.

READ: Student housing investment up despite international enrollment declining 11%.