Development Ventures Group Plans to Grow Student Housing Portfolio to Over $1 Billion
KAJIMA CORP UNSP/ADR (KAJMY)
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Source: Business Wire
The Deven Group, which sold The Henry in Tampa, Florida in June, has $750 million worth of assets in student housing development pipeline ORLANDO, Fla.--(BUSINESS WIRE)--Development Ventures Group is moving to dramatically grow its presence in student housing, with plans to grow its student housing development portfolio to over $1 billion worth of assets in the next three years.The national developer, known as the Deven Group, works in a wide range of niches, having developed such projects as the CNBC global headquarters in New Jersey; the AT&T Park baseball stadium in San Francisco; the Waldorf-Astoria and Hilton Bonnet Creek Resort in Orlando; and the Aquarium of the Pacific in Long Beach, California.The Deven Group plans to increase its student housing exposure developing new projects at Tier I institutions - universities known for research that have high levels of funding and infrastructure. The company’s student housing target of $1 billion in net asset value would equate to o
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