Davis student housing project sold for $21 million while under construction
Grand Peaks Properties made a strategic entry into the student‑housing sector with its $21 million acquisition of the Lincoln40 project in Davis, California. The 130-unit development, currently under construction and set to open by fall 2021, will deliver 706 beds across furnished two‑ to five-bedroom units, anchored by strong demand from UC Davis. With its proximity to campus, robust shared amenities, and co‑development with HighBridge, this deal positions Grand Peaks to capitalize on a high-barrier, high-need student housing market.