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Developer Buys Site for Student Housing Project Near Arizona State University

Deal Follows Billions of Dollars in Recent Investments in the Property Type
A rendering depicts the Rambler, a student housing development near Arizona State University in Tempe, Arizona. (LV Collective)
A rendering depicts the Rambler, a student housing development near Arizona State University in Tempe, Arizona. (LV Collective)
CoStar News
May 8, 2024 | 7:50 P.M.

Multifamily developer LV Collective, along with two partners, have closed on a deal to build a luxury, off-campus student housing complex in Tempe, Arizona, near Arizona State University. The transaction comes as the asset class outperforms its traditional multifamily peers and investors, bringing in big dollars.

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