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Student Housing Daily - September 26 - Centurion acquires 534-bed student housing near WVU

Student Housing Daily - September 26 - Centurion acquires 534-bed student housing near WVU

Legacy, PGIM acquire complex for $92M. UC Irvine opens 424 beds. Treehaus Townhomes and Flats begin pre-leasing. National student housing report - September 2025. Four new student housing deals.

Aid Sopjani & Matt H
September 26, 2025

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NEWS ROUNDUP

ACQUISITION: Centurion acquires 534-bed student housing near WVU. Centurion Property Group has acquired U Club Sunnyside, a 534-bed student housing community near West Virginia University in Morgantown. The property will be rebranded as The View at Morgantown, with capital improvements planned. JLL brokered the transaction; seller and terms were not disclosed.

ACQUISITION: Legacy, PGIM acquire former Azusa Pacific housing for $92 million. Legacy Partners and venture partner PGIM have acquired University Village, a 320-unit garden-style community in Azusa, California, from Azusa Pacific University for $92 million. “Our goal for Citrus Place Apartments is to create an elevated suburban garden product to serve the Azusa community and San Gabriel markets,” said Tim O’Brien, senior managing director at Legacy. CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, Kenji Thomas, Greg Nassir, and Jenny Eng represented Azusa Pacific, while Ryan Greer, Troy Tegeler, and Trevor Breaux of CBRE arranged debt for Legacy and PGIM.

DEVELOPMENT: UC Irvine opens Oso Tower, adding 424 beds. UC Irvine has opened Oso Tower, a five-story student housing complex providing 424 undergraduate beds and a new community center.

DEVELOPMENT: Treehaus Townhomes and Flats begins pre-leasing for 2026. Treehaus Townhomes and Flats has begun pre-leasing for August 2026, bringing a new off-campus student housing option to Clemson.

READ: National student housing report - September 2025.

STUDENT HOUSING FOR SALE

Click each image for more information:

27 North | 27 N. 6th St., San Jose, CA 95112

482 Beds | 98.3% Occupancy | Avg. Unit Size: 1,080 SF | Avg. Market Rent per Bed: $1,302

The Block & Park East | Lubbock, TX

Two Properties | 1,288 Beds | Avg. Market Rent: $563 | Can Be Bought Individually

The Hills of Harrisonburg | 1070 Lois Ln, Harrisonburg, VA 22801

Two Properties | 1,440 Beds | 96% Occupied | 0.2 Miles to Campus

The Vic | 705 Milton Street, Greensboro, NC, 27403

790 Beds | 94% Occupancy | $1.5M Invested in Upgrades by Current Ownership

ONE MORE THING

I saw a tip to brush your teeth with your non dominant hand to be gentler to the gums. I tried it and it felt like a complete stranger was trying to brush my teeth. Not even an acquaintance, a stranger off the street
— sxwrkr (@sxwrkr_)
3:25 PM • May 29, 2025

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