Newmark’s Student Housing Group Closes Sale of 4-Property Portfolio
Newmark arranged the sale of a four-property portfolio of mid-rise student housing properties totaling 1,441 beds. The newly constructed core assets are located adjacent to major universities, all with strong athletic programs. Gather Illinois serves the University of Illinois, Gather Uptown serves East Carolina University, Gather Dickson serves the University of Arkansas and Gather Southern serves the University of Memphis.
“Student housing continues to see significant movement toward scaling and portfolio opportunities given the long-term growth trends and stability of the asset class,” said Ryan Lang, head of Newmark’s student housing group. “This portfolio checks many of the boxes that major institutions are focused on right now related to Power Five status, pedestrian access to campus and stabilized occupancy.”
Lang, director Jack Brett and transaction manager Ben Harkrider, in cooperation with senior managing director Tim McKay and vice chairmen Debra Corson, Blake Pera and Dean Smith, represented seller Rael Corp.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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