Core Spaces and Harrison Street acquired Rive Eugene PBSA in Eugene, Oregon

Table of Contents

Key Points:

Core Spaces and Harrison Street bought Rive Eugene, a student housing property with 209 units and 686 beds, in Eugene, Oregon.
Rive Eugene is next to the University of Oregon campus. Restaurants, shops, and fun spots are close.
This property offers a fantastic rooftop pool, gym, clubroom, and quiet work areas. They have studios up to 5-bedroom units.
This purchase adds to the solid collaboration of Core Spaces and Harrison Street. They now has Property on 11 campuses with over 8,800 beds.
The University of Oregon’s student number has increased significantly. It includes record-breaking first-year classes in the last two years, showing a strong market.

Detailed News:

Core Spaces, from Chicago, and investment company Harrison Street, also from Chicago, have together bought a student housing property in Eugene, Oregon, called Rive Eugene. It has 209 units and 686 beds. The cost isn’t shared.

Previously Identity Eugene, the Property is now The Rive Eugene. It’s next to the University of Oregon campus and close to the city’s main shopping area.

The Rive Eugene offers studio to 5-bedroom units, focusing on the 4- and 5-bedroom ones, as they are high in demand.

What you’ll find at this Property:

Pool and hot tub on the roof
Fitness Center is open 24/7
Deck with fire pits, BBQ facilities
Room with games
Workspaces for students

The deal was bankrolled by accounts run by a worldwide investment firm named KKR. This purchase strengthens the partnership between Core Spaces and Harrison Street. They own 11 student lodgings with more than 8,800 beds on university grounds.

Over 23,000 students are enrolled at the University of Oregon. They’ve grown by 6.5% since last year. The past two years brought in the two most prominent first-year groups, with 4,617 and then 5,338 students. The university’s growth is a magnet for this market.

Harrison Street has poured over $21 billion into education and student lodgings all over the world. They’ve got over 220,000 beds in 400 properties. They’ve now expanded their portfolio into Eugene, Oregon.

Summary:

Core Spaces and Harrison Street jointly bought a huge student housing spot called Rive Eugene. It’s right next to the University of Oregon in Eugene, Oregon. It used to be known as Identity Eugene. It has a rooftop pool, fitness center, and a games room. The deal extends the partnership between Core Spaces and Harrison Street, who own over 8,800 beds across 11 universities. The University of Oregon has grown its enrollment by 6.5% since 2020 and has had two of its most prominent first-year groups. Harrison Street has invested more than $21 billion in student housing worldwide, making this market attractive.