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

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.