Campus Apartments Acquisition of The Standard at State College

Deal value: $89,000,000

Acquisition of The Standard at State College, a 243-unit, 915-bed student housing property adjacent to Penn State University, built in 2021.

The acquisition targets a high-quality, newly built student housing asset adjacent to Penn State University, capitalizing on strong and stable demand driven by the university’s large enrollment and limited supply of modern, amenity-rich student housing. The core motivation is to secure predictable cash flows and long-term value appreciation in a resilient, education-anchored market. The timing reflects investor confidence in student housing as a defensive asset class amid broader market uncertainty and persistent demand for premium student accommodations.