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National  + Arkansas  + Student Housing  | 

Subtext Slates First Arkansas Project with JV Partner Kayne Anderson

Subtext is entering the Arkansas student housing market with VERVE Fayetteville, an 843-bed housing development adjacent to the University of Arkansas. Slated to deliver in August 2027, the project is being developed in partnership with joint venture equity partner Kayne Anderson Real Estate.

“Expanding into Arkansas is a natural evolution of Subtext’s mission to shape exceptional living environments across the country,” said Brandt Stiles, founding partner at Subtext. “VERVE Fayetteville brings together inspired design, wellness-focused spaces and meaningful resident experiences—all in a location deeply connected to campus life.”

Located at 707 W Treadwell St. in Fayetteville, the project features 33,000 square feet of indoor and outdoor amenity spaces. It will offer walkability and access to campus, downtown Fayetteville, the public greenway, local theaters, shopping, restaurants, and live music venues, according to subtext.

Project partners include Kennedy Wilson as lender, Brinkmann Constructors as general contractor, Modus Studio as architect, and Vida Design for interiors. Additional contributors include AJC Design Group (landscape architecture), Viewtech (structural engineering), McClelland Consulting Engineers, Inc. (civil), and ENGR3 (MEP). John Rowland and Steve Lane of Colliers | Arkansas brokered the sale of the VERVE Fayetteville development site.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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