Newmark Group Inc. has arranged the sale of a five-property student housing portfolio comprising 1,248 units and 3,693 beds across Florida, Texas, Indiana and North Carolina. The transaction marks the largest student housing portfolio sale in the U.S. so far this year.
Newmark Multifamily Capital Markets Executive Vice Chairman and Head of Student Housing Ryan Lang, Managing Director Jack Brett and Director Ben Harkrider, in cooperation with locally licensed Newmark advisors, represented the seller, a joint venture between Nuveen and The Preiss Company. Newmark Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Chris Kramer, Executive Managing Director Ben Roelke and Senior Managing Director Peter Griesinger also supported the transaction.
The portfolio includes properties located near top-ranked universities with an average enrollment of over 47,000 students, including the University of Florida, Texas State University, Indiana University, North Carolina State University and The University of Texas at Austin. Situated just 0.87 miles on average from their respective campuses, each asset features amenities designed to enhance the student lifestyle, such as swimming pools, grilling stations, fitness centers, outdoor recreation and study rooms.
“This record portfolio transaction reinforces the burgeoning demand for premium student housing assets adjacent to prestigious universities,” said Lang. “As enrollment numbers continue to rise and campuses expand, investors are seeking more opportunities in well-located, high-quality student housing, a resilient and attractive asset class.”
In the first quarter of 2025, Newmark executed student housing sales and financing transactions totaling over $1 billion.
