American Campus Communities, a Blackstone portfolio company, has closed on a $191 million third-party student housing development at the University of California, Irvine. The new community is planned to deliver 1,065 beds and is scheduled to open in fall 2028, adding significant capacity to the university’s on-campus housing stock.
The latest project builds on more than 20 years of collaboration between American Campus Communities and the broader University of California system. That long-running relationship has included student housing partnerships at UC Berkeley and UC Riverside, and has now expanded further at UC Irvine. When this development is completed, ACC’s total partnership footprint with UC Irvine is expected to encompass approximately 8,700 beds.
ACC described the initiative as an extension of its long-term relationship with UC Irvine. Michael Cipriano, head of development at American Campus Communities, said the project reflects the strength of the companies 25-year partnership with UC Irvine and a shared focus on housing communities designed to support students during their college years.
The new student housing is planned as an expansion of UC Irvine’s East Campus. The project will introduce 308 fully furnished apartments across two residential buildings, designed to accommodate undergraduate students. According to the announcement, the buildings will range from six to seven stories in height.
The development is intended to integrate into the surrounding East Campus neighborhoods while delivering additional on-campus living options targeted to undergraduates. By adding new beds in a purpose-built community, the university and American Campus Communities aim to further increase student housing capacity on university land.
With this latest phase, UC Irvine and American Campus Communities continue to build out a multi-phase student housing platform anchored by long-standing institutional partnership. The fall 2028 opening timeline positions the project to serve future enrollment cycles as part of the university’s evolving on-campus housing offerings.
