Greystar Joint Venture Breaks Ground on "Hornet Place" Student Housing in Sacramento

Greystar, University Enterprises Inc., and JLC Infrastructure launch Hornet Place, a 352-bed student housing project serving California State University, Sacramento.

By: AXL Media

Published: Mar 12, 2026, 11:33 AM EDT

Source: https://www.multihousingnews.com/

Strategic Partnership and Portfolio Expansion

The development of Hornet Place represents a collaborative effort between global real estate leader Greystar, the university-affiliated University Enterprises Inc., and JLC Infrastructure. For Greystar—which manages over 1 million rental units and student beds worldwide—this project marks its second student-focused asset in the Sacramento market. The firm already operates Hornet Commons, a 980-bed community that opened in 2021, located within walking distance of the new site. This proximity allows for operational efficiencies and a dominant management presence near the CSUS campus.

Project Timeline and Unit Composition

Located at 7700 College Town Drive, the four-story mid-rise will occupy a strategic site adjacent to Hornet Stadium and Highway 50. Construction is slated for a fast-track delivery, with leasing scheduled to commence in August 2026 and final completion expected in April 2027. Upon delivery, the community will offer:

Capacity: 101 units totaling 352 beds.

Floorplans: A mix of one-, two-, and four-bedroom layouts, including specialized double-occupancy options.