Toll Brothers, Harrison Street form student housing JV

Toll Brothers, through its Toll Brothers Campus Living rental division, and Harrison Street, have formed a new joint venture to develop Canvas, a 263-unit, 826-bed luxury student housing community adjacent to Arizona State University in Tempe, Ariz.

Toll Brothers Campus Living develops communities that combine modern amenities and strategic community design to fit the needs and lifestyle of students. The joint venture is excited to partner with Subtext, a real estate development company creating innovative solutions for students and young professionals to live, thrive, and connect. Toll Brothers Campus Living will manage the development, construction and marketing, and perform asset management. Cardinal Group Management will act as the leasing and property manager.

Canvas is situated on a 3.37-acre site that is a three-minute walk from ASU’s campus and near surrounding restaurants, bars, coffee shops, retail and entertainment options. The community will include a six