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Jay Shidler Of Shidler Group Acquires 762-Bed Student Housing In Sacramento For $115M

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SOLD
$115,000,000

California

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Student Housing
Sold 01/28/2026
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SOLD

Jay Shidler Of Shidler Group Acquires 762-Bed Student Housing In Sacramento For $115M

1500 67th Street

See Similar Deals
Student Housing
Sold 01/28/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Student Housing
Transaction Type:Sale

A 762-bed, 223-unit student housing community was sold for $115 million in Sacramento. Located at 1500 67th Street, this asset type is specifically designed for student living and is situated near California State University Sacramento. The price per unit comes to approximately $515,695, representing a transaction amid a national slowdown in new student housing developments.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: $115,000,000
  • Buyer: Jay Shidler - Shidler Group
  • Seller: Michael S. Burke - AECOM-Canyon Partners; The Martin Group
  • Units: 223
  • Beds: 762
  • Price Per Bed: $151,000

This transaction involved Jay Shidler of Shidler Group acquiring the property from Michael S. Burke, representing AECOM-Canyon Partners and The Martin Group. The deal took place on January 28, 2026, as part of the ongoing activity in the Sacramento real estate market.

Players

JS
Jay Shidler
3 deals$313.6M volume
BUYER
A
AECOM
SELLER

Details

SOLD
IMAGE: Jay Shidler & Michael S. Burke DATE: 01/28/2026 ADDRESS: 1500 67th Street MARKET: Sacramento ASSET TYPE: Student Housing ~ BEDS: 762 BUYER: Jay Shidler - Shidler Group SELLER: Michael S. Burke - AECOM-Canyon Partners; The Martin Group SALE PRICE: $115,000,000 UNITS: 223 ~ PPU: $515,695 NOTE: Shidler Group acquired Wexler on 65th, a 762-bed, 223-unit student housing community in Sacramento, for $115 million, or roughly $151,000 per bed, from AECOM-Canyon Partners and The Martin Group. The two-building, amenity-rich property sits near California State University Sacramento and trades amid a national slowdown in new student housing, with only 27,000 beds delivered through September 2025.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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