Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/564824
MAY/JUNE 2015 STUDENT HOUSING BUSINESS .COM 28 INDUSTRY TRENDWATCH MARKET PERFORMANCE U.S. Student Housing APT North America APT actual chg vs prior actual chg vs prior Volume $ (mil) past 12 mos. 4,212.0 38% 130,390.2 28% Q2 '15 793.1 -41% 28,477.2 -16% No. of props past 12 mos. 166 -4% 7,387 7% Q2 '15 35 -36% 1,743 -5% Total unit past 12 mos. 28,365 17% 1,114,617 10% Q2 '15 5,812 -35% 250,909 -12% Price $/unit past 12 mos. 147,822 4% 130,462 15% Q2 '15 147,648 6% 123,024 -9% Avg Cap Rate past 12 mos. 6.06% -60 5.99% -19 Q2 '15 6.47% 44 5.91% -8 INVESTMENT MARKET REAL-TIME SNAPSHOT Volume, pricing and performance statistics for the student housing investment market. Information courtesy of Real Capital Analytics and updated as of 7/17/2015 www.rcanalytics.com RECENT TRANSACTIONS Property Name City, State Price $ $/unit Buyer 33 Degrees North Denton, TX N/A N/A TIAA-CREF from Fountain Residential Exchange at Lubbock Lubbock, TX 24,500,000 92,803 MJW Investments from SCI Real Estate Investments by Sperry Van Ness Quarry Trail Knoxville, TN 42,000,000 200,000 Militello Capital JV QR Capital from Landmark Properties JV University Residences-Knoxville LLC by Berkadia Meridian Pointe Apartments Northridge, CA 49,069,500 103,960 Compass Acquisition Partners from Cirrus Asset Management Inc 1409 Elizabeth Fort Collins, CO 5,350,000 198,148 Tom Justus Exchange Group LLC from Dohn Construction Inc Tropicana Gardens Goleta, CA 92,070,500 844,683 Regents of U California from Blue Vista Capital Fountainebleu Main Building Goleta, CA 54,288,718 211,240 Regents of U California from Blue Vista Capital Fontainebleu Annex Goleta, CA 10,141,282 211,276 Regents of U California from Blue Vista Capital Jefferson Court on Midvale Los Angeles, CA 27,750,000 840,909 RW Selby from NorthStar Realty Finance University Park Las Vegas, NV 20,500,000 73,214 University Park LLC from Wells Fargo by CBRE Campus Walk II Wilmington, NC 10,733,651.7 86,561 SHA III Acquisition LLC/CEV Wilminton LP from Gross & Cohen by CBRE Campus Walk I Wilmington, NC 25,016,333.4 86,561 SHA III Acquisition LLC/CEV Wilminton LP from Gross & Cohen by CBRE Collegiate Hall Lutz, FL 16,000,000 88,888 FPA Multifamily from Klingbeil Capital Management by JBM Institutional Multifamily Advisors West 20 Gainesville, FL 48,500,000 122,474 Scion Group from American Campus Communities by IPA South View Apartments Harrisonburg, VA 43,166,667 179,861 Scion Group from American Campus Communities by IPA Stone Gate Apartments Harrisonburg, VA 30,000,000 178,571 Scion Group from American Campus Communities by IPA The Park at Athens II Athens, GA 9,810,361.6 81,753 Scion Group from American Campus Communities by IPA The Commons Harrisonburg, VA 12,737,059 96,492 Scion Group from American Campus Communities by IPA The Heights of Knoxville Knoxville, TN 15,535,890.4 76,156 Scion Group from American Campus Communities by IPA The Park at Athens Athens, GA 15,250,000 63,016 Scion Group from American Campus Communities by IPA Cambridge House Fort Collins, CO 13,500,000 126,168 Bridge Partners from Cambridge House LLC/Cambridge Lofts LLC Lancaster Philadelphia, PA 2,500,000 104,166 5200 Lancaster Avenue LP from Philadelphia Scrapyard Properties LLC by Rittenhouse Realty Advisors La Mirage Waco, TX N/A N/A Park7 Group from Texas First Five LP