Market Monitor Digest
(Week 46/2025)
It's our pleasure to be your go-to for the week’s key industry news. Thanks to the information collected by the BONARD Market Monitor team, you can now keep your finger on the industry pulse.
Student Housing & Co-Living
US, State College, PA: Penn State plans $11.3M student housing expansion at University Park campus
By WJAC-TV, November 07, 2025
With Penn State planning to increase enrollment at University Park, officials say they are working to find more on-campus space -- even in dormitory attics -- for student housing. The university says it is planning on several projects around campus to add more room for students.
US, New York, NY: Värde, Hawkins to Land $431M for Student Housing Portfolio
By Multi-housing news, November 10, 2025
A joint venture between Värde Partners and Hawkins Way Capital will obtain a $431 million CMBS loan for Monarch Portfolio, a collection comprising three student housing communities in New York City and Boston.
UK, Manchester: 'Quality and character' - Brand new £30m student accommodation opens in Manchester
By Manchester World, November 11, 2025
Manchester’s growing student population has a new addition to the city’s housing landscape with the completion of St Gabriel’s Court, a £30 million, 321-bed development that combines restored heritage buildings with new construction near the universities corridor.
US: Morgan Stanley and GSA buy US student housing portfolio from ADIA, Landmark
By IPE Real Assets, November 12, 2025
Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a US student housing portfolio valued at more than $1bn (€864.5m).
Canada, Toronto: Ontario Investing $83 Million to Support Affordable Student Housing in Downtown Toronto
By Dawn Gallagher Murphy, November 13, 2025
As part of its plan to protect Ontario and build a more competitive, resilient and self-reliant province, the government is investing approximately $83 million through the Building Ontario Fund (BOF) to create a new, multi-phased student housing development at Toronto Metropolitan University (TMU). The first phase of the project will result in a new 21-storey tower.
Built-to-Rent
Australia, East Lismore: Constuction begins on 50 build-to-rent units for East Lismore
By Inside Local Government, November 9, 2025
More affordable and secure rentals are a step closer for the Northern Rivers with the construction of 50 new build-to-rent units underway in East Lismore.
US, Maple Grove, MN: CBRE Negotiates Sale of 66-Unit Build-to-Rent Community in Maple Grove, Minnesota
By Rebusiness Online, November 10, 2025
CBRE has negotiated the sale of Mills Creek, a 66-unit build-to-rent community in the Twin Cities suburb of Maple Grove. Curtis Capital Group purchased the property from a joint venture between Watermark and PCCP.
US, Houston, TX: Transwestern Breaks Ground on Mixed-Use Project in Houston’s River Oaks District
By RE Business Online, November 13, 2025
Transwestern has broken ground on a mixed-use project in Houston’s River Oaks district that represents the next phase of The Ro, a 17-acre development located at the intersection of West Alabama Street and Buffalo Speedway. The ensuring phase of The Ro will feature The Birdsall, Auberge Collection, which will consist of 44 residences and 105 boutique hotel rooms.
Senior Living
US: Blackstone exits $1.8 billion senior housing investment amid portfolio losses
By The Wall Street Journal, November 7, 2025
Blackstone is off-loading its large senior housing portfolio valued at about $1.8 billion, initially acquired through its REIT division.
China, Shanghai: 22 interlinked “village” volumes redefine large-scale retirement living
By Designboom, November 10, 2025
GN Architects’ Joyful Community organizes a senior complex into 22 connected buildings linked by elevated walkways and gardens. The project spans roughly 120,000 sq m and blends wellness, social, and medical facilities—showcasing China’s shift toward community-based eldercare.
Australia, Perth, WA: BaptistCare acquires Keyton’s 10-village WA portfolio for $140 million
By Commercial Real Estate, November 11, 2025
BaptistCare has purchased Keyton’s Western Australia retirement living portfolio comprising 10 villages and 1,639 homes for approximately $140 million.
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