American Campus Communities (ACC), a Blackstone portfolio company, announced the closing of a $191-million third party student housing development at the University of California, Irvine. The 1,065-bed project is scheduled to open in fall 2028.
The collaboration reflects more than two decades of work to expand student housing options across the University of California system, including partnerships at UC Berkeley and UC Riverside. Upon completion, ACC’s partnership with UC Irvine will encompass approximately 8,700 beds.
“This project reflects the strength of our 25-year partnership with UC Irvine and our shared commitment to creating housing communities that support students throughout their college experience,” said Michael Cipriano, head of development at ACC.
The new student housing community will expand UC Irvine’s East Campus with 308 fully furnished apartments. Designed for undergraduate students, the two residential buildings will range from six to seven stories and integrate into the surrounding neighborhoods.
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