<body><div><h2>The property is located near a flagship university campus.</h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1BYvWd_11Q3R1YL00" alt="https://img.particlenews.com/image.php?url=1BYvWd_11Q3R1YL00" width="1000" height="750" ><figcaption>HELiX Starkville encompasses six four-story buildings. Image courtesy of TSB Realty</figcaption></figure><p>Columbus Pacific has sold HELiX Starkville, a 258-unit, 802-bed student housing community in Starkville, Miss. Pumphouse Residential Group and WeldenField, along with a joint venture partner, acquired the asset.</p><p>TSB Realty arranged the transaction. SPM, an affiliate of PRG and WeldenField, will provide property and construction management services. The community was 95 percent occupied at the time of sale.</p><p>Columbus completed HELiX Starkville in 2016 and took out a $38.8 million CMBS loan a year later, according to Yardi Matrix information.</p><p>Located at 100 Dawg Drive, the community is within walking distance of the Mississippi State University campus and 2 miles from the Duby Noble Field. The city’s center is more than 2 miles away.</p><p>The property encompasses six four-story buildings across more than 14 acres. The unit mix consists of one-, two- and four-bedroom floorplans ranging from 585 to 1,424 square feet. All units are fully furnished.</p><p>Common-area amenities include a two-story fitness center, clubhouse with billiards, swimming pool, business center and coffee lounge. The property also has study enclaves and community televisions, a tanning salon, as well as an outdoor grilling area and a gaming lounge.</p><p>Columbus Pacific currently has 13 student housing properties across the U.S. Last year, the company sold a four-property, 2,787-bed student housing portfolio to a joint venture between Blue Vista Capital Management and Clarion Partners.</p><h2>Student housing sector holds steady</h2><p>Preleasing activity for the upcoming academic year climbed to 73.2 percent as of April, according to the latest Yardi Matrix student housing report. This marks a 140-basis-point increase compared to the same period last year, but remained consistent with the leasing rate recorded in 2023.</p><p>However, annual rent growth decelerated to 2 percent, a decline from the 2.6 percent registered in March. This figure also falls short of the 6.4 percent average seen over the past two leasing seasons, showing a potential softening in demand.</p></div></body>

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The property is located near a flagship university campus. Columbus Pacific has sold HELiX Starkville, a 258-unit, 802-bed student housing community in Starkville, Miss. Pumphouse Residential Group and WeldenField, along with a joint venture partner, acquired the asset. TSB Realty arranged the transaction. SPM, an affiliate of PRG and WeldenField,...

Columbus Pacific Sells 802-Bed Student Community

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The property is located near a flagship university campus. Columbus Pacific has sold HELiX Starkville, a 258-unit, 802-bed student housing community in Sta

Columbus Pacific Sells 802-Bed Student Community

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