Hackberry Lane, a vertically integrated student housing investment and operating company, announced the closing of six separate transactions across Gainesville, FL (University of Florida) and Fayetteville, AR (University of Arkansas). Sellers and pricing were not disclosed.
Collectively representing approximately 400 student housing beds across townhome, cottage and boutique apartment product types, the acquisitions bring Hackberry’s total owned portfolio to approximately 2,000 beds through 20-plus transactions since the firm’s inception in 2023. The Fayetteville acquisitions are the firm’s first in that market, marking the seventh student housing market where Hackberry has established a presence.
Based in New York City, Hackberry Lane focuses on townhome, single-family, garden-style, and boutique apartment communities located in walkable, campus-adjacent corridors. While the broader student housing industry has concentrated on mid- and high-rise purpose-built development, Hackberry targets the more fragmented shadow market, where assets remain largely in the hands of local owner-operators.
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