MALVERN, PA -Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, in conjunction with Axium Infrastructure, announced they have reached financial close on a mixed-use student housing project for Vanderbilt University. The 616-bed development, delivered via public-private partnership (P3), will advance the University s mission to provide modern, affordable housing proximate to the campus core for graduate and professional students, with co-curricular spaces to help them build community and foster interdisciplinary connections.
The new residential facility, set to break ground this spring and open in August 2023, will be located on Broadway between Lyle and 20th avenues, putting campus and other major points within the Midtown area within simple walking distance.
We re pleased to launch the graduate and professional housing development project. We believe the construction of this building will continue to advance our goal of recruiting and retaining exceptional graduate students who will go on to become leaders in their fields, said Mike Perez, associate vice chancellor and chief facilities officer.
The development will feature apartment-style units in a mix of studio, one- and two-bedroom floor plans. The furnished apartments will be fully ‘turnkey with in-unit kitchens and laundry washer/dryer. Utilities will be included.
The development also features a unique ‘Co-Lab collaboration space spanning more than 13,000 square feet and offering graduate and professional students a dedicated area for academic and entrepreneurial endeavors with additional group and private study spaces throughout the building. Other amenities include a fitness center, public courtyard and 25,000 square feet of retail space serving the broader Vanderbilt and Nashville communities.
The construction contractor for the project is JE Dunn Construction‘s Nashville office, and the lead architect is Chicago-based Valerio Dewalt Train. The community will be managed and operated by Balfour Beatty Communities upon completion.
We are thrilled to help deliver premier housing to the graduate and professional students at Vanderbilt University, said Bob Shepko, president of Balfour Beatty Campus Solutions. Providing an updated housing option with modern amenities and located in a vibrant neighborhood convenient to campus will further the university s goal to recruit the best graduate and professional students and provide them with an exceptional experience.
Since its inception in 2012, Balfour Beatty Campus Solutions has developed more than $1.3 billion in student housing assets for colleges and universities across the United States which include the University of Iowa, Purdue University and the University of North Carolina Wilmington. The company leverages its significant experience in public-private partnerships to deliver world-class housing options to its university clients while allowing them to maintain the financial flexibility needed to invest in future academic infrastructure.

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SEATTLE, WA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, has bought Aura Totem Lake, a 202-unit apartment community located in the Seattle suburb of Kirkland. The property, the first acquisition made on behalf of the recently announced Bell Core Fund I vehicle, will be renamed Bell Totem Lake and is the 4th property Bell Partners currently owns or manages in the state of Washington.
Built in 2020, Bell Totem Lake is located at a crossroads of eateries, shopping and entertainment options including Whole Foods, Trader Joe’s, Cinemark Theater, Lululemon and other boutique clothing and food retailers. For outdoor recreational activities, the city of Kirkland offers more waterfront parks and beaches than any other city in the Puget Sound region.
Billed as the “Innovation Triangle,” Bellevue, Redmond and Kirkland formed a coalition to promote economic development on the Eastside, which is home to 3,700 tech companies and 135,000 technology-related jobs. Situated just off I-405, the property provides residents convenient access to employment centers anchored by Amazon, Microsoft, Facebook and Google.
The acquisition represents Bell Partners’ 4th owned community in the Seattle metro area and a further expansion of the firm’s West Coast footprint. Including Bell Totem Lake, Bell Partners owns and/or manages over 1,846 apartment units across 10 properties in West Coast markets including Seattle, the Bay Area and Los Angeles.
“The Greater Seattle area consistently ranks among the fastest growing economies in the country. Kirkland in particular has become one of the most desirable places to live and work in recent years – a trend we expect to accelerate in the near future,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Rapid expansion by major technology firms on the east side of Seattle has solidified the region’s reputation as a burgeoning tech hub. This strong labor market has attracted a skilled workforce and a large millennial population. Bell Totem Lake is well-positioned to experience stable and growing demand from current and future residents.”
Bell Totem Lake’s community amenities include three elevated courtyards with a covered outdoor entertaining kitchen, fire pits, hammocks and grills; a resident lounge with a demonstration kitchen and billiards table; a state-of-the-art athletic center with cardio theater and free weights; two private business suites and workstations; a pet spa; bike storage; 24/7 parcel lockers; and a multi-level parking garage with elevator access and electric car charging stations.
Each apartment home has wood-like flooring, designer lighting, flat panel kitchen cabinets with tile backsplash and under-cabinet lighting, quartz countertops with under-mount sinks, energy-efficient stainless-steel appliances, gas ranges with Smart features, and relaxing baths with soaking tubs. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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LARKSPUR, CA – Catalyst Housing Group has bought two multifamily housing communities in Antioch and Dublin, expanding their innovative housing model across the East Bay. The transactions, completed in partnership with the California Community Housing Agency (CalCHA), will permanently transition the currently market-rate properties into rent-restricted housing serving middle-income households.
Catalyst’s properties target the “missing middle” – those who earn in excess of traditional affordable housing limits yet struggle to afford market-rate housing. “We’re proud to deliver critical affordability and sustainability to Antioch and Dublin,” said Jordan Moss, Founder of Catalyst Housing Group. “Both acquisitions provide opportunities to further our mission of housing California’s nurses, teachers, first responders and civil servants directly within the communities they serve.”
Aster, located in the City of Dublin, is directly adjacent to the West Dublin/Pleasanton BART Station. Bought for $163 million, and developed in 2017, Aster provides 313 luxury apartment units and more than 16,000 square feet of ground floor retail including Amakara, a renowned sushi restaurant with a significant following.
Mira Vista Hills, located in the City of Antioch, will undergo substantial renovations focused on building exteriors, unit interiors, common areas, and quality of life enhancements for residents, all while significantly reducing rents for middle-income households. Bought for $68 million, the 280-unit property had historically been bound by a regulatory agreement providing affordability across 20 percent of the property’s units. The sale of Mira Vista Hills to a market-rate buyer would have terminated the current affordability requirements. Catalyst’s acquisition will provide even deeper affordability across the entire asset while avoiding displacement of current tenants.
“The City of Antioch looks forward to its partnership with Catalyst Housing Group and the opportunity to provide more housing options for all segments of our community,” said Forrest Ebbs, Community Development Director for the City of Antioch.
Since launching their middle-income housing partnership in 2019, Catalyst and CalCHA have successfully bought in excess of $1.3 billion of premier multifamily rental communities throughout Northern California to help address California’s growing income inequality and the related middle-income housing crisis. Catalyst’s non-profit arm, the Essential Housing Fund, provides rent subsidies to essential workers, while it’s Catalyst Innovation Lab pilots and scales modern solutions, tools and partnerships that drive operating margins, building efficiencies and portfolio sustainability.

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