**AVOID RENTAL SCAMS** **CORONAVIRUS (COVID-19) INFO** BLOG CONTACT US/EN APARTMENTS RESIDENTS BUSINESS SERVICES INVESTORS CAREERS ABOUT Greystar Closes $600 Million for Three Mixed-Use University Student Housing Projects at Tier 1 Institutions Wednesday, November 3, 2021 Charleston, SC – November 3, 2021 Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, 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) in late September. The investment includes two projects at UT Austin, a tier 1 research institution, 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 on 24th includes a $262 million high rise, delivering 552 units and 1,448 beds to the West Campus submarket. Greystar will lead the development and self-perform construction. The University of Maryland’s Knox Road development is a $140 million Public Private Partnership with Terrapin Development Company (TDC) an entity comprised of the University of Maryland College Park (UMCP) and the University of Maryland College Park Foundation. The gateway project consists of 341 units, 788 beds, 22,000 square feet of retail, a multi-use outdoor common space, and a fitness center. The 1.66-acre site sits on the research institution’s corner of Knox Road and Sterling Place, adjacent to the residence halls and surrounding retail corridor. The project was designed by WDG, and Greystar’s Mid-Atlantic team will oversee the construction of the project with JMA as the general contractor. “The successful financial close and ground-breaking of these three projects is a tremendous achievement by our development, finance, investment and university partnerships teams,” said Julie Skolnicki, Senior Managing Director of Greystar. “We’re seeing an increase in demand for high-quality student housing and complex mixed-use P3 structures at top tier institutions in the US and we’re thrilled at the opportunity to support the evolutions of these campuses. Greystar is consistently seeking innovative ways to elevate the collegiate living experience on and off campus, and we look forward to seeing these projects come to life.” Construction on all projects started in October 2021 and slated for completion in Fall 2024. About Greystar Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $220 billion of real estate in more than 210 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 748,000 units/beds, and has a robust institutional investment management platform with approximately $45.1 billion of assets under management, including over $21.3 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com. Greystar Media Inquiries Zain Abouseido zain.abouseido@greystar.com +1 973.945.5593 Media Resources VIEW OUR PRESS KIT Press Release Archives Tuesday, November 16, 2021 Greystar Hires Tyler Williams as Senior Director of Development to Grow Industrial Strategy READ MORE Tuesday, November 9, 2021 Greystar Sells Flagship U.S. Multifamily Value-Add Fund for Approximately $3.6 Billion READ MORE Thursday, November 4, 2021 Key Trends in the Proptech Space: Smart Home Tech READ MORE Wednesday, November 3, 2021 Greystar Closes $600 Million for Three Mixed-Use University Student Housing Projects at Tier 1 Institutions READ MORE Tuesday, September 14, 2021 Greystar acquires a build to rent asset in Madrid with 455 apartments READ MORE VIEW ALL ARCHIVES Apartment Search Browse Listings Residents Business Services Investment Management Property Management Development and Construction Investors Asia-Pacific Europe Latin America United States About Code of Conduct Diversity, Equality & Inclusion Leadership Newsroom Greystar Sustainability Greystar Giving Suppliers / Vendors Global/UK Tax Strategy Careers Contact Us @Home Blog OneGreystar Investor Portal EU Gender Pay Gap Report © 2021 Greystar Worldwide, LLC Privacy Policy Terms & Conditions Disclosures & Licenses DMCA Website Accessibility This website is for informational purposes only and does not constitute an offer, solicitation or recommendation to sell or an offer to purchase any securities, investment products or investment advisory services. 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