A partnership between affiliates of Monument Square Investment Group and Koch Real Estate Investments has acquired a four-asset student housing portfolio in Urbana and Champaign, IL (the “Portfolio”). The Portfolio is comprised of four mid-rise properties developed between 2012 and 2017 totaling 548 beds (212 units), all of which are pedestrian to the University of Illinois Urbana-Champaign campus.

Monument Square Investment Group (“MSIG”) has recently hired Troy Hoffman as a Senior Vice President on its Asset Management team. Troy will primarily be responsible for leading the ongoing asset- and portfolio-level management of the firm’s investment portfolio across its verticals.

A partnership between affiliates of Monument Square Investment Group (“MSIG”) and CrossTie Capital (collectively the “JV”) has acquired The Atwell (the “Property”). The Property is a 2022-vintage class-A multifamily community comprised of 297 units across a mix of one- and two-bedroom layouts in one of the fastest growing submarkets in the DFW Metroplex.

Monument Square Investment Group (“MSIG”) has promoted Kris Shepherd to Associate Vice President, Investments. Kris is a member of MSIG’s investment team and is responsible for analysis, diligence and sourcing portfolio investments and for MSIG’s multifamily platform.

Baton Rouge, La. — A joint venture between Monument Square Investment Group and JDI Realty has acquired Maison Burbank, a 532-bed student housing community located near the Louisiana State University campus in Baton Rouge. The garden-style property was developed in 1996 and renovated in 2017. The property was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released. 

A partnership between affiliates of Monument Square Investment Group (“MSIG”) and JDI Realty, Inc. (collectively the “JV”) has acquired Maison Burbank (the “Property”). The Property is a 1996-vintage, 532-bed (134-unit) garden-style student housing community in a pedestrian location approximately 0.7 miles south of the Louisiana State University (“LSU”) campus.

A partnership between affiliates of Monument Square Investment Group (“MSIG”) and 7Acre Investments (collectively the “JV”) has acquired The Cove at Covington Town Center (the “Property”). The Property is a 2022-2023-vintage class-A multifamily community comprised of 334 garden-style units across a mix of studio, one-, two- and three-bed layouts, 16 three-bed townhomes with attached garages, and a best-in-class amenity set.

Monument Square Investment Group (“MSIG”) has promoted Spencer Myers to Director, Investments. Spencer is a member of MSIG’s investment team and is responsible for the sourcing and structuring of portfolio investments and co-leads MSIG’s student housing acquisitions nationwide.

Baton Rouge, La. — A joint venture between affiliates of Monument Square Investment Group and a New York-based single-family office has acquired University Grove, a 381-bed student housing community located 2.7 miles south of the LSU campus in Baton Rouge. Developed in 2024, the property offers 127 cottage-style units in three-bedroom configurations with bed-to-bath parity

“While cottage product is generally slightly further from campus and entertainment areas, the product type offers students the most comparable living quality while also providing larger amenity sets than pedestrian mid- and high-rise communities,” explains Nate Nearhood, Director and Co-Head of Student Housing at Monument Square Investment Group.

A partnership between affiliates Monument Square Investment Group (“MSIG”) and a New York-based single family office has acquired University Grove (the “Property”). The Property is a 2024-vintage, 381-bed (127-unit) cottage-style student housing community located in the highly-desirable Arlington submarket of Baton Rouge approximately 2.7 miles south of the Louisiana State University (“LSU”) campus, which is directly accessible through the Tiger Trails Transit shuttle system.

NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing, and The Scion Group announced today a joint venture to acquire a portfolio of student housing communities in Oxford, Mississippi, for a combined investment of $262 million.