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Greystar closes $600m for three mixed-use student housing projects
Transactions - NOVEMBER 3, 2021

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Greystar closes $600m for three mixed-use student housing projects

by Released

Greystar Real Estate Partners has closed $600 million for three mixed-use university student housing projects at the University of Maryland, College Park and University of Texas at Austin (UT Austin).

The investment includes two projects at UT Austin, which is a tier 1 research institution, has the fifth-largest enrollment in the nation, and is the 15th-ranked public university in the nation. Union on San Antonio, a public-private partnership (P3) with St. Austin Catholic Parish, is a $170.7 million high-rise, delivering 425 units and 991 beds, and the new Catholic parish, rectory and K-8 school for $32 million. The Union is located on the corner of San Antonio and 21st street, one block from the UT Austin campus. Amenities include a pool, rooftop deck and a fitness center. The project designed by Page and Greystar’s Austin team will oversee development and construction management with Hensel Phelps as the general contractors.

The second UT Austin project, The Union

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