Shidler Group Finalizes $115 Million Acquisition of Sacramento Student Housing Landmark

Shidler Group expands into the Sacramento student housing market with the $115 million acquisition of Wexler on 65th, a 762-bed asset serving CSUS.

By: AXL Media

Published: Mar 12, 2026, 11:36 AM EDT

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

Transaction Details and Asset Pedigree

The Shidler Group purchased the 223-unit, 762-bed community from a joint venture between AECOM-Canyon Partners and The Martin Group. The sellers originally delivered the property in 2022, utilizing a $73.3 million construction loan from Banc of California. The $115 million exit price reflects the significant value creation achieved since the project’s inception and highlights Sacramento as a top-tier destination for student housing capital.

Property Composition and Strategic Location

Wexler on 65th is situated at 1500 67th St., strategically positioned within walking distance of the California State University, Sacramento (CSUS) campus. The community is comprised of two buildings rising five and six stories, offering a diverse array of living options:

Unit Mix: One- through five-bedroom floorplans ranging from 445 to 1,625 square feet.

Commercial Integration: Nearly 8,000 square feet of ground-floor retail space.