Core Spaces Delivers Six New Student Housing Developments in 2024, Totaling 4,549 Beds

CHICAGO--(BUSINESS WIRE)--Sep 5, 2024--

Core Spaces (“Core”), a leading residential real estate developer, owner, and operator, today announced the successful delivery of six new student housing developments across the U.S. totaling 4,549 beds. Core is now welcoming its first residents for the ‘24-’25 school year at its newest developments Hub Bancroft in Berkeley, Calif.; Hub Cincinnati in Cincinnati, Ohio; ōLiv Hetzel and ōLiv Highland in State College, Pa.; ōLiv Madison in Madison, Wisc. and The Pier in Clemson, S.C.

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In keeping with Core’s urban infill approach, oLiv Madison is in a prime location in the heart of downtown Madison just steps from State St. and UW-Madison’s campus. Image courtesy of Core Spaces. (Photo: Business Wire)

“After years of work to bring a project to life, welcoming new residents home is one of the best parts of what we do,” said Marc Lifshin, Founder and CEO at Core Spaces. “This year, we’ve expanded into new and existing markets we love, and we’ve rolled out big innovations in both design and UX. We’re all about offering a hospitality-driven experience that matches how students want to live today. As they evolve, so do we, and we’re pumped to welcome 4,500 new residents home this year.”

Core delivered six new purpose-built student housing developments prior to August 8, 2024, including:

• Hub Bancroft (Berkeley, Calif.): 87-unit, 238-bed
• Hub Cincinnati (Cincinnati, Ohio): 380-unit, 1,112-bed
• ōLiv Hetzel (State College, Pa.): 135-unit, 582-bed
• ōLiv Highland (State College, Pa.): 158-unit, 604-bed
• ōLiv Madison (Madison, Wis.): 386-unit, 1,101-bed
• The Pier (Clemson, S.C.): 207-unit, 914-bed

These deliveries follow strong activity within Core’s student housing portfolio this year. Recently, the company announced continued expansion across the U.S. in key markets including Knoxville, Tenn. with a new 800-bed student housing project; three new projects in Madison, Wisc. totaling 4,000 beds; a new 665-unit, 2,195-bed development in Raleigh, N.C.; 3,000 new beds in Tampa, Fla.; and the closing of a 16-story, 202-unit and 639-bed student housing project in Ann Arbor, Mich.

Core’s award-winning portfolio of student housing communities includes both ground-up developments and acquisitions across the country. Core currently owns and/or manages over 38,600 beds and has a pipeline of over 43,000 beds in various stages of development.

About Core Spaces:

Core Spaces (Core) is more than a real estate company, it’s a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (“BTR”) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 38,600 beds – and has a pipeline of over 43,000 beds in various stages of development. Core’s BTR division currently has over 3,000 homes under development and in its pipeline in high growth metros across the country. For more information, visit www.corespaces.com.

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CONTACT: BerlinRosen

corespaces@berlinrosen.com

KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY URBAN PLANNING REIT BUILDING SYSTEMS OTHER EDUCATION UNIVERSITY OTHER CONSTRUCTION & PROPERTY EDUCATION RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Core Spaces

PUB: 09/05/2024 08:30 AM/DISC: 09/05/2024 08:30 AM

http://www.businesswire.com/news/home/20240905470617/en