BLACKSBURG, Va. — Jan. 12, 2026 — LV Collective, an award-winning multifamily and student housing developer, announced the closing of its newest student-oriented multifamily development in Blacksburg, Virginia.
LV is partnering with Harrison Street Asset Management, a leading alternative global investment management firm with over $108 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies, and obtained financing from Kennedy Wilson on the project.
Rambler is a short walk from Virginia Tech’s campus. The 8-story project is planned to include 247 units and 862 beds across 577,671 square feet. The diverse unit mix is expected to consist of studio, one-, two-, three-, four- and five-bedroom layouts, including a selection of townhome units designed to accommodate the preferences of today’s students.
“Our entry into the Virginia Tech market reflects our disciplined growth in high-demand university markets and commitment to enhancing student living experiences,” said Jonathan Reyes, president of student housing at LV Collective. “This development has been thoughtfully designed to activate Main Street retail and complement the neighborhood while delivering an elevated student housing property that supports academic success, wellness and connection.”
“As our portfolio grows, we’re focused on delivering amenity-rich communities that we feel will stand the test of time for residents,” said Justin Gronlie, Managing Director and Co-Head of Education Transactions – North America at Harrison Street Asset Management. “We’re pleased to close on this project in Blacksburg and look forward to supporting the university’s growth with high-quality housing near campus that serves students and the broader community.”
Site work on Rambler began in December 2025, and the property is scheduled to deliver Fall 2028 for the 2028 – 2029 academic year.
Residents will have access to a curated amenity package designed to elevate the living experience. Planned amenities include Daydreamer Café, a ground-level coffee shop; a mezzanine-level coworking space with private study rooms; a multisport simulator; an outdoor pool deck with a hot tub; and a clubroom and social lounge to support community connection. With a focus on wellness, the property will include a fitness center, yoga and flex studio, and a wellness lounge featuring a sauna and cold plunge.
Project partners include Brinkmann as the general contractor, Niles Bolton as the architect, Variant Collaborative for interior design, Ironwood for the landscape architecture, Foresight for the civil & entitlements. DLA Piper (US) provided legal counsel.
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About LV Collective
LV Collective is an Austin, Texas-based real estate investment firm focused on acquiring, developing, and managing high-quality real estate in superior locations throughout the United States. Since its founding in 2012, LV Collective has expanded the business to include student housing and multifamily assets in excess of $6 billion. For more information, visit: https://lvcollective.com/about. For renderings, logos, headshots, and additional media assets, visit: https://lvcollective.canto.com/.
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real estate assets. Since inception in 2005, the Firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The Firm has invested across senior housing, student housing, build-to-rent, healthcare delivery, life sciences and storage real estate, as well as social, utility and digital infrastructure. Headquartered in Chicago and London, with offices throughout North America, Europe and Asia, the Firm has more than 290 employees and approximately US $56 billion in assets under management on behalf of institutional investors across the globe. Harrison Street was awarded Best Places to Work by Pensions & Investments for nine years (2014-2020, 2022, 2023) and since 2019 has won 15 awards from PERE, including three for the 2023 Awards: Alternatives Investor of the Year – Global, Data Centers Investor of the Year – North America, the ESG Firm of the Year – North America. Harrison Street did not pay any compensation in exchange for the aforementioned awards. For more information, please visit www.harrisonst.com. Assets under management (“AUM”) reflects AUM for the Firm’s investment advisory and asset management clients.