logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Forecasting & Analytics
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Construction Risk Management
      • Energy & Sustainability
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward: Insights on the Future of Work
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Corporate Responsibility
      Board of Directors
      Executive Leadership - Global
      Corporate Information
      Investor Relations
      Media Center
      Suppliers
      Careers

Next

Press Release
CBRE Receives FutureEdge 50 Award for SpaceSpot Digital Platform
  • About CBRE
  • Media Center
  • CBRE Organizes Record Breaking Sale of Student Housing Community Adjacent to UC Davis

CBRE Organizes Record-Breaking Sale of Student Housing Community Adjacent to University of California, Davis

Davis, CA | February 27, 2020
  • Email
  • Share
  • Tweet
  • Share

West-Village

Davis, Calif., Feb. 26, 2020 – CBRE announces the sale of Sol at West Village, a 2,289-bed, 663-unit luxury student housing community in Davis, California. The sale signifies the largest single-asset transaction in the student housing sector to date, surpassing the $235 million University View transaction sold in 2018. CBRE National Student Housing and CBRE Sacramento Multifamily represented an undisclosed seller.

 

CBRE’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer with the student housing team represented the seller in partnership with CBRE’s Marc Ross in Sacramento.

 

“Our team is thrilled to successfully represent this momentous transaction. Sol at West Village received incredible global investor interest, driving pricing to record-breaking levels,” said Ms. Fitts, Executive Vice President at CBRE. “Additionally, the eco-friendly components of the community, including solar panels throughout the community, architecture features that optimize solar orientation, and recycled building materials, were an additional attraction for investors who have increasing focus on environmental, social, and governance investing.”

 

Sol at West Village is located at 1580 Jade Street in Davis, California. The property is comprised of 51 three-story buildings on UC Davis’ campus, offering residents convenient access to the university and the surrounding Davis community, including on-site connections to bike and pedestrian paths. Sol at West Village is centered around the Village Square and 20,000 square feet of state-of-the-art resident amenity space, which includes a high-tech study center, a large fitness center, a yoga studio, a media room, and a gaming area. All units feature quartz countertops, stainless steel appliances, bamboo flooring and custom kitchen islands in most units.

 

“The irreplaceable on-campus location, unparalleled amenity base, and persistent growing enrollment at UC Davis consistently drive Sol at West Village’s incredible performance. The property averaged more than 98% occupancy over the last three years, while simultaneously increasing its bed count to allow for additional student residency in the severely undersupplied Davis housing market,” said Mr. Vonderfecht, Senior Vice President at CBRE. “These fundamentals position Sol at West Village to provide strong long-term returns for the buyer.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Media Contacts

Tracy Cobb
Tracy Cobb
Corporate Communications, South-Central
+1 214 979 6340
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn