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US: Student housing investment and operating company Hackberry Lane has completed multiple property acquisitions near the University of Florida and the University of Alabama, adding around 1,650 student housing beds to its portfolio.
The transactions expand Hackberry Lane’s presence in Gainesville, Florida, and Tuscaloosa, Alabama, bringing its total owned portfolio to approximately 4,000 beds.
The acquired properties are located in walkable neighbourhoods near the two universities, reinforcing the firm’s strategy of investing in residential assets serving students at major college campuses.
Hackberry Lane focuses on student housing properties that differ from the large, purpose-built apartment complexes commonly associated with institutional student accommodation. Its investment strategy targets townhomes, single-family residences, garden-style apartment communities, and smaller boutique apartment buildings.
These properties are part of what the company describes as the student housing shadow market.
Unlike large student apartment developments constructed specifically for institutional ownership, this segment includes smaller properties often owned and operated by local investors and property managers. Hackberry Lane believes the fragmented ownership of these assets creates opportunities for professional management, portfolio consolidation, and operational improvements.
The company operates an integrated investment and property management platform, allowing it to manage acquisitions and ongoing property operations internally.
Highlights:
- Student housing investment and operating company Hackberry Lane has completed multiple property acquisitions near the University of Florida and the University of Alabama, adding around 1,650 student housing beds to its portfolio
- The transactions expand Hackberry Lane’s presence in Gainesville, Florida, and Tuscaloosa, Alabama, bringing its total owned portfolio to approximately 4,000 beds
- The acquired properties are located in walkable neighbourhoods near the two universities, reinforcing the firm’s strategy of investing in residential assets serving students at major college campuses
- Hackberry Lane focuses on student housing properties that differ from the large, purpose-built apartment complexes commonly associated with institutional student accommodation. Its investment strategy targets townhomes, single-family residences, garden-style apartment communities, and smaller boutique apartment buildings
