CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, today announced it is set to open six student housing communities – comprising more than 3,000 beds and valued in excess of $550 million – in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.

Representing over 6% of the 47,000 off-campus student housing beds slated to deliver this year, the completions reinforce CA Student Living’s position as one of the nation’s leading student housing developers. Since 2008, the firm has delivered over $5 billion in near-campus housing across the U.S. encompassing over 40,000 beds and has already begun construction on an additional nine communities, featuring nearly 4,000 beds, to be delivered in fall 2020. Together with another 24 communities in the predevelopment phase, which would deliver between 2021 and 2023, it represents a five-year tally of over $3 billion in executable development.

“CA Student Living is doing what we’ve always done, delivering exceptional yet differentiated, pedestrian-oriented communities with thoughtfully designed amenities and modern accoutrements in university markets,” said JJ Smith, president of CA Student Living. “With investor interest at an all-time high, our team of seasoned professionals are sourcing some of the best campus-adjacent opportunities in the country.”

Residences at each of the six properties delivering in 2019 will be fully furnished and include European-style cabinetry, quartz or granite countertops and stainless steel appliances in kitchens; in-unit washer and dryer; and a 1:1 bed-to-bath ratio. In addition, residences are equipped with tech-friendly features like USB outlets, flat-screen televisions, surround sound and high-speed Wi-Fi, while some include upgraded options such as rain-head showers with Bluetooth speakers and smart features like Nest thermostats, Amazon Alexa and Phillips Hue lighting controls.

In addition to extensive amenities, each community will offer advanced security systems and additional resident services, including CA Student Living programming, designed to enhance study habits, encourage prudent financial planning and assist in attaining career goals.

“We believe that if students love where they live, it enhances their overall college experience,” Smith added. “In supporting residents both socially and academically, these developments provide a way for students to become more connected to their peers, as well as to the various activities taking place on and around campus, all of which contributes to a healthier, more vibrant academic community.”

CA Management Services (CAMS), the firm’s property management arm, will manage leasing and operations for the 2019 portfolio, which includes the following properties:

Identity Miami (621 beds) – Florida International University; Miami, Fla.

Located at 400 SW 107^th Ave., Identity Miami is just three blocks from FIU’s main campus and around the corner from the university’s College of Public Health, College of Nursing & Health Sciences, College of Medicine and Department of Biostatistics. The 15-story building offers one- through four-bedroom floor plans, including upgraded penthouses. Amenities include a shuttle to campus, 24-hour fitness and wellness center, yoga room with Peloton bikes, lobby lounge with coffee bar, cyber lounge with free printing and scanning, private study rooms, communal study lounge, sky lounge with balcony, and clubroom with TVs, a pool table and demo kitchen. Outdoor amenities include a sun deck with resort-style pool and cabanas, as well the first-ever vintage Volkswagen Bus retrofitted as a DJ booth on the pool deck.

Rise on Chauncey (675 beds) – Purdue University; West Lafayette, Ind.

Steps from the Purdue University campus and popular shopping, dining and nightlife destinations along State Street and Chauncey Avenue, Rise on Chauncey is a 16-story high-rise at 100 S. Chauncey Ave. offering studio through four-bedroom residences, including penthouse units with upgraded finishes. Spanning nearly 20,000 square feet across four floors, amenities include a 24-hour fitness center with yoga room and Fitness On Demand; research room with conference seating and study bar; cyber lounge with free printing and scanning; private study rooms; penthouse club lounge; and arcade room with pool table. Outdoor amenities include a rooftop pool and hot tub; adjacent sky terrace with an outdoor TV, hammocks, a fire pit and grills; and a gaming courtyard. The development’s lower-level retail space will house The Tap, a craft brewpub that originated in Bloomington.

The Link Evanston (411 beds) – Northwestern University; Evanston, Ill.

Located at 811 Emerson St. and nestled in the heart of downtown Evanston just one block from the Foster Purple Line stop and a short walk to the Davis Street/Evanston Metra stop, The Link Evanston features 411 beds in a mix of studio, one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center with CrossFit equipment and Fitness On Demand, club/game room, meeting lounge and well-appointed workrooms. Outdoor amenities include a resort-style pool and entertainment deck with grilling stations, a fire pit and cabanas. The nine-story building also offers indoor bike storage and garage parking. 

Latitude at River Landing (665 beds) – University of Iowa; Coralville, Iowa

Perched along the Iowa River in the fast-growing Iowa River Landing District of Coralville, Latitude at River Landing is a five-story community less than a mile from the University of Iowa campus. The development at 104 E. 7^th St. features studio through four-bedroom apartments steps from nearby restaurants and retail, including a Trader Joe’s. On-site amenities include a dedicated resident shuttle, 24-hour fitness and wellness center, yoga room with Fitness On Demand, clubroom with TVs and a fireplace, rooftop and sky lounges with balconies, co-working and research room, cyber lounge with free printing and scanning, private study rooms and an arcade room with pool and air hockey tables. Outdoor amenities include a resort-style pool, hot tub and sun deck; adjacent courtyard with a Jumbotron, fire pit, hammocks and grilling stations; full-size basketball court; and dog run.

Latitude at Kent (384 beds) – Kent State University; Kent, Ohio

Located at 1450 E. Summit St., across from the heart of the Kent State University campus, Latitude at Kent is a five-story community with a mix of studio, one-, two-, three- and four-bedroom residences. Amenities include a 24-hour fitness suite, yoga room with Peloton bike and Fitness On Demand, clubroom with coffee bar, study lounges with balconies, cyber lounge with free printing and scanning, private study rooms, and game room with TVs and a pool table. Outdoors, residents have access to a resort-style pool, hot tub and sun deck with adjacent grilling stations, as well as a separate courtyard with study deck, fit pit and bocce court. 

The Link University City (252 beds) – Drexel University; Philadelphia, Pa.

Offering a walkable, near-transit location in University City – home to Drexel University, the University of Pennsylvania, the University of the Sciences and the Restaurant School at Walnut Hill College – The Link University City is a unique renovation of a historic three-story building, coupled with a new five-story addition, at 3600 Lancaster Ave. and directly adjacent to University City Square. Available residences range in size from one to three bedrooms, including six two-level townhomes along Lancaster. Amenities include a 24-hour, two-story fitness and wellness center; private study rooms; co-working and research lounges; cyber lounge with free printing and scanning; a lobby lounge with breakfast and coffee bar; sky lounge with pool table, darts and TVs; and community kitchen. The community is adjacent to the Route 10 trolley stop at 36^th Street and Lancaster Avenue.

About CA Student Living:

Founded in 2004, CA Student Living is the student housing investment entity of Chicago-based CA Ventures LLC, whose $10.2 billion international portfolio spans multiple real estate asset classes. CA Student Living is a premier investor, developer and manager of student housing assets in select North American markets, with an existing portfolio of over 40,000 beds – a number that is projected to increase by nearly 4,000 beds by 2020 through its new development pipeline. Students and universities benefit from boutique-style housing that goes beyond traditional on-campus residences to include modern designs, cutting edge technologies, and 5-star services and amenities that have set the standard in world-class college living. For more information, visit www.ca-sl.com.

About CA Ventures:

CA Ventures LLC is a Chicago-based real estate investment holding company whose international portfolio includes $10.2 billion in assets throughout the U.S., Europe and Latin America. While initially focused on student housing, CA Ventures has since diversified into other sectors, including office, senior lifestyle, multifamily, hospitality and industrial. In addition to development and renovation, the firm specializes in institutional joint ventures; value-add investing; equity and debt sourcing; and asset management services. CA Ventures serves as the holding company for the CA family of companies, including CA Student Living, CA Senior Living, CA Residential, CA Industrial, CAV International and CA Hospitality. For more information, visit www.ca-ventures.com.