IPA Advises HSAM on $910M Student Housing Portfolio Sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2026
0mins
Source: Newsfilter
- Large Transaction Size: Institutional Property Advisors (IPA) assisted Harrison Street Asset Management (HSAM) in selling a 12-property, 7,578-bed student housing portfolio for approximately $910 million, indicating strong market demand for student housing assets.
- Diverse Asset Portfolio: The properties are located across 10 states serving 12 universities, including Ohio State University and the University of Florida, highlighting the portfolio's geographic diversity and stable leasing demand.
- Value of Long-term Relationships: IPA's Executive Managing Director Peter Katz emphasized the long-standing partnership with HSAM, showcasing the firm's expertise in asset management and the trust it has built with clients, further solidifying its market position.
- Optimistic Market Outlook: Katz noted that this diverse portfolio of student housing assets offers an attractive return profile for buyers Scion Group and Ares Real Estate fund, reflecting ongoing investor interest in education-related real estate.
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Analyst Views on MMI
Wall Street analysts forecast MMI stock price to rise
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 28.980
Low
29.00
Averages
29.00
High
29.00
Current: 28.980
Low
29.00
Averages
29.00
High
29.00
About MMI
Marcus & Millichap, Inc. is a real estate services company specializing in commercial real estate investment sales, financing services, research, and advisory services. Through its Commercial Real Estate Services, it provides equity advisory services and loan sales, loan guarantees, consulting, and advisory services. It serves clients with one property, multiple properties, and large investment portfolios. Through its Real Estate Brokerage, it represents commercial property owners as their investment broker in the sale of their properties. Its auction services division offers an accelerated way to buy and sell commercial property. Its financing division provides services, such as loan sales and due diligence, and receives recurring loan performance fees from certain lenders. It offers advisory and consulting services in forming investment strategy and making transaction decisions. It provides leasing services for tenants and landlords in connection with commercial real estate leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Diverse Asset Portfolio: The properties are located across 10 states serving 12 universities, including Ohio State University and the University of Florida, highlighting the portfolio's geographic diversity and stable leasing demand.
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- Importance of Insurance Costs: As insurance costs become increasingly significant in commercial real estate underwriting, Marcus's clients will gain access to data-driven insurance indications and portfolio analysis, helping them better evaluate acquisition opportunities and operational risks.
- Expanded Consulting Services: Brown & Brown offers not only acquisition-focused insurance indications but also consultative services such as portfolio reviews, catastrophe modeling, and due diligence support, further empowering clients' decision-making capabilities during transactions.
- Market Influence: With over 80 offices and 1,808 professionals across the U.S. and Canada, Marcus closed 8,818 transactions with a sales volume of $50.8 billion in 2025, demonstrating its strong influence in the commercial real estate market.
See More
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- Transformative Impact: Upon completion, the development is expected to be the largest residential complex in Beverly Hills' history, providing 140 luxury multifamily residences and 13,303 square feet of retail space, addressing the urgent demand for upscale housing and retail in the area.
- Prime Location: Situated along the La Cienega corridor, the project benefits from proximity to major transportation routes and Beverly Hills' Golden Triangle, significantly enhancing its visibility and connectivity, which is likely to attract a large number of residents and consumers.
- Community Contribution: The project will feature a three-level subterranean parking structure with 177 spaces and extensive community gathering areas, with 11 units designated for low-income households, further emphasizing its strategic importance in meeting community needs.
See More
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- Loan Structure: The financing includes a five-year loan with an interest rate of 5.09% and a debt service coverage ratio (DSCR) of 1.10x, requiring only interest payments during the term, reflecting a flexible financing strategy.
- Preferred Equity Investment: The financing structure also features $26 million in preferred equity from Tokyu Land US Corporation, further strengthening the project's capital structure and ensuring the long-term client's refinancing goals are met.
- Property Features: Located less than four miles from San Francisco International Airport, the property offers one- to three-bedroom apartments with in-unit laundry and private balconies, along with community amenities such as a fitness center, swimming pool, and pet spa, enhancing its residential appeal.
See More
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- Large Transaction Size: Institutional Property Advisors (IPA) assisted Harrison Street Asset Management (HSAM) in selling a 12-property, 7,578-bed student housing portfolio for approximately $910 million, indicating strong market demand for student housing assets.
- Diverse Asset Portfolio: The properties are located across 10 states serving 12 universities, including Ohio State University and the University of Florida, highlighting the portfolio's geographic diversity and stable leasing demand.
- Value of Long-term Relationships: IPA's Executive Managing Director Peter Katz emphasized the long-standing partnership with HSAM, showcasing the firm's expertise in asset management and the trust it has built with clients, further solidifying its market position.
- Optimistic Market Outlook: Katz noted that this diverse portfolio of student housing assets offers an attractive return profile for buyers Scion Group and Ares Real Estate fund, reflecting ongoing investor interest in education-related real estate.
See More
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- Significant Transaction Value: Marcus & Millichap announced the sale of two adjacent industrial properties in Manassas, Virginia, for a total of $42 million, indicating strong demand for industrial real estate in the region.
- High Redevelopment Potential: The properties span approximately 14 acres within Northern Virginia's data center corridor, showcasing long-term redevelopment potential for data centers, reflecting the ongoing convergence of industrial real estate and data center demand.
- Unique Strategic Assemblage: By combining the original 10-acre site with a neighboring 4-acre parcel, a more competitive 14-acre redevelopment opportunity was created, enhancing value in one of the most competitive data center markets in the country.
- Favorable Market Conditions: Manassas has an industrial property inventory of about 10 million square feet with a current vacancy rate of only 2%, and rising rents indicate the scarcity of industrial-zoned land and the vibrancy of the market.
See More
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- Investor Preferences: Approximately 75% of buyer dollar volume in STNL transactions came from private investors, who favor assets with strong tenant credit and long-term leases, reflecting a continued pursuit of stable income in the market.
- Market Recovery: Despite macroeconomic headwinds and higher-than-expected interest rates, the single-tenant market has recalibrated prices and improved financing conditions, attracting more buyers and creating a competitive acquisition window.
- Industry Conference Participation: Marcus & Millichap is showcasing current retail investment trends at the ICSC Las Vegas conference, providing opportunities for engagement with industry professionals, further enhancing market activity.
See More
