Greystar Real Estate Partners LLC
11/12/2025 | Press release | Distributed by Public on 11/12/2025 13:21
Greystar Breaks Ground on Accolade Campanile at San Diego State University
San Diego, CA - November 12, 2025 - Greystar, a global leader in investment management, development, and property management, in partnership with Kanden Realty & Development America, the property development arm of Japanese utility provider Kansai Electric Power Group, and Tokyo Tatemono, a Tokyo-based publicly traded real estate company, announced today the groundbreaking of Accolade Campanile, a Class A student housing development at San Diego State University.
The six-story, 310-unit, 605-bed community will sit on the SW corner of Montezuma Road and Campanile Drive, across from the southern gateway entrance of San Diego State University's main campus. Located next to SDSU's existing on-campus housing, the project site is an eight-minute walk to Viejas Arena, ten-minute walk to SDSU's Library, and a five-minute walk to the SDSU light rail station which provides access to the Mission Valley Campus, Snapdragon Arena, and the greater San Deigo region.
The amenity rich property will include a second-level amenity deck with a pool, spa, multiple outdoor kitchens and gathering spaces, fire pits, a fully equipped indoor/outdoor fitness center, multiple clubhouses, and dedicated study spaces on each floor. It will also offer recreation and game lounges, including a speakeasy, indoor bicycle storage, and a dog spa. The site will include 73 EV parking spaces which will be powered in part by a 338kW solar energy system.
Across the street from the project are retail shops, restaurants, and Trader Joe's. Accolade Campanile will feature 4,200 square feet of campus-facing, ground-floor retail, suitable for various uses including food & beverage and health & wellness options.
As Greystar's second student development at SDSU, Accolade Campanile will provide housing for SDSU's growing student population, which surpassed 40,000 students enrolled for the first time this year. The project will deliver a net increase of 480 beds, helping to meet growing demand for student housing near campus.
"This community will bring much-needed, high-quality apartments near SDSU while supporting local businesses and reducing pressure on single-family neighborhoods. We're excited to play a part in shaping a more connected and vibrant College Area. Accolade Campanile reflects our belief that well-planned housing is essential to both academic success and neighborhood growth," said Alex Leonard, Senior Director of Greystar Development.
The building has been designed by San Diego's JWDA Architects with students in mind, offering furnished units with private bedrooms, ample study and collaboration space on each floor, and gathering areas that encourage connection.
Construction began in September 2025 with leasing anticipated to begin in August 2027 and completion expected in June 2028. Construction financing for this project was provided by Helaba Landesbank Hessen-Thüringen.
About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
About Kanden
Kanden Realty & Development America is the property development arm of Kansai Electric Power Group (OTCMKTS: KAEPY), a publicly traded electricity utility provider serving the Kansai region in Japan. Kanden Realty & Development (Parent company of Kanden Realty & Development America) has more than 60 years of experience as a developer and investor in for-sale homes and condominiums in Japan's Kansai region and the Greater Tokyo area under the brand CIELIA. Kanden Realty & Development is an active investor across the United States, Asia, and Australia in residential, office, and logistics.
About Tokyo Tatemono
Founded in 1896 and listed on the Tokyo Stock Exchange (TSE), Tokyo Tatemono is one of Japan's leading real estate developers, with a proud history of shaping Japan's urban landscape for nearly 130 years. The diversified portfolio spans office, residential, retail, hotel, logistics, and mixed-use developments with a total asset value of approximately USD 14.7 billion¹. Tokyo Tatemono is expanding its global footprint through active investments in markets such as the United States, Australia, Thailand, Singapore, and China.
¹Equivalent to 2,205,209 million yen, based on an exchange rate of ¥150 per USD.(As of Q2 2025)
Media Inquiries
Amy Fitzgerald
[email protected]
The six-story, 310-unit, 605-bed community will sit on the SW corner of Montezuma Road and Campanile Drive, across from the southern gateway entrance of San Diego State University's main campus. Located next to SDSU's existing on-campus housing, the project site is an eight-minute walk to Viejas Arena, ten-minute walk to SDSU's Library, and a five-minute walk to the SDSU light rail station which provides access to the Mission Valley Campus, Snapdragon Arena, and the greater San Deigo region.
The amenity rich property will include a second-level amenity deck with a pool, spa, multiple outdoor kitchens and gathering spaces, fire pits, a fully equipped indoor/outdoor fitness center, multiple clubhouses, and dedicated study spaces on each floor. It will also offer recreation and game lounges, including a speakeasy, indoor bicycle storage, and a dog spa. The site will include 73 EV parking spaces which will be powered in part by a 338kW solar energy system.
Across the street from the project are retail shops, restaurants, and Trader Joe's. Accolade Campanile will feature 4,200 square feet of campus-facing, ground-floor retail, suitable for various uses including food & beverage and health & wellness options.
As Greystar's second student development at SDSU, Accolade Campanile will provide housing for SDSU's growing student population, which surpassed 40,000 students enrolled for the first time this year. The project will deliver a net increase of 480 beds, helping to meet growing demand for student housing near campus.
"This community will bring much-needed, high-quality apartments near SDSU while supporting local businesses and reducing pressure on single-family neighborhoods. We're excited to play a part in shaping a more connected and vibrant College Area. Accolade Campanile reflects our belief that well-planned housing is essential to both academic success and neighborhood growth," said Alex Leonard, Senior Director of Greystar Development.
The building has been designed by San Diego's JWDA Architects with students in mind, offering furnished units with private bedrooms, ample study and collaboration space on each floor, and gathering areas that encourage connection.
Construction began in September 2025 with leasing anticipated to begin in August 2027 and completion expected in June 2028. Construction financing for this project was provided by Helaba Landesbank Hessen-Thüringen.
About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
About Kanden
Kanden Realty & Development America is the property development arm of Kansai Electric Power Group (OTCMKTS: KAEPY), a publicly traded electricity utility provider serving the Kansai region in Japan. Kanden Realty & Development (Parent company of Kanden Realty & Development America) has more than 60 years of experience as a developer and investor in for-sale homes and condominiums in Japan's Kansai region and the Greater Tokyo area under the brand CIELIA. Kanden Realty & Development is an active investor across the United States, Asia, and Australia in residential, office, and logistics.
About Tokyo Tatemono
Founded in 1896 and listed on the Tokyo Stock Exchange (TSE), Tokyo Tatemono is one of Japan's leading real estate developers, with a proud history of shaping Japan's urban landscape for nearly 130 years. The diversified portfolio spans office, residential, retail, hotel, logistics, and mixed-use developments with a total asset value of approximately USD 14.7 billion¹. Tokyo Tatemono is expanding its global footprint through active investments in markets such as the United States, Australia, Thailand, Singapore, and China.
¹Equivalent to 2,205,209 million yen, based on an exchange rate of ¥150 per USD.(As of Q2 2025)
Media Inquiries
Amy Fitzgerald
[email protected]
Greystar Real Estate Partners LLC published this content on November 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 12, 2025 at 19:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]