Core Spaces enters Missouri with 972-bed student housing acquisition. The community last traded for $73 million in 2024. Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community serving the University of Missouri in Columbia, Mo. The company purchased the asset from The Preiss Co. and a real estate fund advised by Crow Holdings Capital. This is Core Spaces' first acquisition in Missouri. A sale price was not disclosed. Preiss previously purchased the 318-unit development from Aspen Square Management in 2024 for $73 million, Yardi Matrix shows. Residences at the community include two- to four-bedroom townhomes equipped with in-unit laundry, as well as patios and balconies available in select units. The Collective, located at 3600 Aspen Heights Parkway in Columbia, was completed in 2013, according to Yardi Matrix. For the past three fall semesters, The Collective at Columbia has been 100 percent preleased, the same source shows. The current average asking rent is $780 per bedroom. Shared amenities at The Collective include a swimming pool, a clubhouse, a fitness center with a yoga room, study lounges and sports courts. The community also offers a private shuttle service to bring students to the university. According to the property's website, there are pet services such as a dog park and washing station available. The University of Missouri is 2.5 miles away. Also nearby are Walmart Supercenter, Frank G. Nifong Memorial Park and the Columbia Mall. For the past three fall semesters, The Collective at Columbia has been 100 percent preleased, according to Yardi Matrix. The same source shows the current average asking rent is $780 per bedroom. The University of Missouri is ahead of the preleasing cycle for the 2026-2027 academic year, according to the February 2026 national student housing report from Yardi Matrix. The report found that the school is 84.1 percent preleased, second only to Virginia Tech, which is 88.2 percent preleased. At the end of February, Aspen Square Management completed a similar student housing transaction with the sale of The Row Apartments in Columbia, a 328-unit student housing development also for students at the university. Monument Square Investment Group acquired the asset, which spans almost 10 acres. Core Spaces' current construction pipeline. One of the largest student housing developers in the nation, Core Spaces owns and manages more than 61,000 beds. Its construction pipeline consists of more than 50,000 beds in various stages of development across multiple markets. In July 2025, the company, in a joint venture with Kayne Anderson Real Estate, broke ground on Hub Clemson, a 1,303-bed development serving Clemson University in South Carolina. The project is slated for completion in June 2027. A month later, the company unveiled plans for ōLiv Columbia a 720-bed, 2,350-unit mixed-use student housing development in Columbia, S.C,. The project will include 720 market-rate Construction began in January. Core Spaces is also in a joint venture with Harrison Street for development of Hub Tampa Fowler, a 1,195-bed project taking shape in Tampa, Fla. The community will house students at University of South Florida when it is completed in 2027. Most recent. March 4, 2026

Core Spaces names Juan Sebastian Agudelo Managing Director for Institutional Capital Raising. Core Spaces appoints Juan Sebastian Agudelo as Managing Director of Institutional Capital Raising. Core Spaces ("Core"), a leading vertically integrated real estate developer, operator, and investment manager, today announced the strategic appointment of Juan Sebastian Agudelo as Managing Director of Institutional Capital Raising. In this pivotal role, Agudelo will spearhead the firm's engagement with institutional investors on a global scale, further strengthening Core's position as a trusted and specialist real estate investment manager. His appointment reflects Core's ongoing commitment to innovation, capital growth, and operational excellence in the real estate sector. Since its inception in 2010, Core Spaces has consistently redefined niche real estate markets through its forward-thinking approach to development and hospitality-driven property management. The company has emerged as a recognized leader in both the student housing and build-to-rent sectors. Today, Core manages over 48,000 student beds, has another 49,800 beds in its development pipeline, and is actively developing, leasing, or planning more than 3,000 build-to-rent homes. These achievements underscore Core's strategic vision and its ability to identify and capitalize on high-demand real estate segments. In his new capacity, Juan Sebastian Agudelo will play a central role in expanding Core's engagement with global institutional investors. He will be responsible for driving the firm's capital-raising efforts across its student housing and build-to-rent platforms, ensuring that Core continues to attract sophisticated investment partners who value high-quality, specialized real estate opportunities. Agudelo's deep expertise in investment strategy, capital markets, and product development will be instrumental in achieving these objectives. Expressing enthusiasm about his appointment, Agudelo said, "I am thrilled to join Core Spaces, a firm that exemplifies innovation, culture, and execution in every aspect of its operations. Institutional investors are increasingly seeking specialist managers with proven expertise, and Core stands out for its ability to consistently deliver strong results while maintaining a clear focus on its core competencies. I look forward to building meaningful and long-lasting partnerships with investors around the world as we continue to expand our footprint in the student housing and build-to-rent markets." Agudelo brings nearly two decades of experience in investment, capital markets, and business development, making him uniquely qualified to drive Core's institutional capital-raising strategy. Throughout his career, he has successfully executed over $4.1 billion in transactions across a diverse range of property types, including both traditional and alternative assets. His specialization in capital formation, investment strategy, and product development has positioned him as a respected leader in the real estate investment community. Before joining Core Spaces, Agudelo held senior roles at Bridge Investment Group and PGIM Private Alternatives, where he focused on connecting institutional investors with innovative real estate opportunities. He began his career in investment banking and capital markets at Bank of America Merrill Lynch, gaining foundational experience in financial structuring, capital advisory, and investment analysis. Agudelo holds a B.S. in Finance and Economics from Seton Hall University and an MBA from Columbia Business School, which have provided him with a strong analytical and strategic foundation for his career in real estate finance. John Wieker, Chief Investment Officer at Core Spaces, emphasized the strategic importance of Agudelo's appointment. "Juan brings an exceptional blend of expertise in capital markets and a proven track record of connecting institutional investors with high-quality real estate opportunities. His leadership will be invaluable as we continue to execute our growth strategy and expand our presence in the student housing and build-to-rent markets. We are excited to welcome him to the Core team and look forward to strengthening our investor relationships under his guidance." Core Spaces' growth trajectory reflects a deliberate strategy of combining operational excellence with innovative investment approaches. The company's student housing platform has set new standards in the sector by emphasizing hospitality-driven management, modern amenities, and community-focused living environments. These elements have helped Core attract long-term tenants and maintain strong occupancy rates, positioning the firm as a preferred partner for investors seeking stable, income-generating assets in the student housing market. Simultaneously, Core's build-to-rent business represents a rapidly expanding segment of the U.S. residential market. With demand for professionally managed rental communities on the rise, Core has leveraged its expertise in development, leasing, and property management to deliver high-quality housing that meets the needs of modern renters. By integrating capital markets expertise with operational know-how, Core is able to execute large-scale projects efficiently, generating value for both investors and residents. Agudelo's role as Managing Director of Institutional Capital Raising will be particularly critical as Core seeks to expand its investor base beyond traditional sources of capital. Institutional investors, including pension funds, insurance companies, endowments, and sovereign wealth funds, are increasingly allocating capital to specialized real estate strategies that provide stable, long-term returns. By leveraging Agudelo's deep relationships and experience in institutional capital markets, Core is well-positioned to capture this growing demand and secure the necessary funding for continued growth and expansion. In addition to capital raising, Agudelo will work closely with Core's investment and development teams to structure innovative investment products that align with investor objectives while supporting the firm's long-term strategic goals. His insights into market trends, risk management, and investor preferences will help Core design tailored investment solutions that differentiate the company in a competitive real estate market. Core's commitment to operational excellence, innovation, and investor alignment has helped the company establish a strong reputation in the real estate industry. By maintaining a focus on niche markets such as student housing and build-to-rent, Core has been able to achieve high levels of operational efficiency, maximize asset performance, and deliver consistent returns to investors. Agudelo's appointment further strengthens the firm's ability to attract global capital and execute its ambitious growth plans. The student housing sector, in particular, has seen significant growth over the past decade, driven by rising enrollment rates, increased demand for quality accommodations, and evolving student preferences for community-oriented living spaces. Core's approach combines modern design, high-quality amenities, and hospitality-focused management to create environments where students thrive academically and socially. This strategy has proven attractive to institutional investors seeking resilient, income-generating assets with long-term growth potential. Similarly, the build-to-rent market has emerged as a dynamic segment of the residential real estate landscape. Driven by demographic shifts, changing lifestyle preferences, and increasing urbanization, professionally managed rental communities offer a compelling investment opportunity. Core has positioned itself as a leading player in this sector by focusing on high-demand locations, delivering high-quality construction, and implementing professional property management practices that enhance tenant satisfaction and retention. Agudelo's extensive background in investment banking and private alternatives equips him with the skills to navigate complex capital structures and identify opportunities for value creation. His experience in raising capital for large-scale real estate projects and his ability to cultivate relationships with institutional investors will be critical in helping Core scale its operations, expand into new markets, and capitalize on emerging trends in the real estate sector. As Core continues to expand its portfolio, Agudelo's role will also involve providing strategic guidance on investment opportunities, capital allocation, and market positioning. By combining his expertise with Core's operational capabilities, the firm aims to deliver differentiated investment products that meet the evolving needs of global institutional investors while maintaining its commitment to quality and innovation.

Core Spaces ("Core"), in partnership with Capstone Communities, announced a new master-planned, mixed-use development in Midtown Atlanta, located near Georgia Institute of Technology.