Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas.
Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince and Kevin Larimer, Directors Shawn Lubic and Victoria Marks of Berkadia Student Housing, and Senior Director Michael Spero, Director Niko Vrentas, and Associate Director Simon Rodewald of Berkadia Kansas City.
The property offers fully furnished two, three, and four-bedroom apartments as well as unfurnished studios. Orchard Corners is located just west of campus off Bob Billings Parkway and Kasold, providing easy access to the University of Kansas campus, food and retail options. The pet friendly community features a pool, a fitness center, and study rooms.
The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
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Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...
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Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development...
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