U of A Breaks Ground on $247M College Dorm
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
As part of its policy to force most first-year students to live on campus, the University of Arizona in Tucson is building a $247 million, on-campus dorm. Called the Catalina, the dorm will house more than 1,300 stude…
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