Subtext Sets Sights on Arkansas with VERVE Fayetteville Development
Deal News | Jun 09, 2025 | Kennedy-Wilson Holdings Inc
Subtext, in partnership with Kayne Anderson Real Estate, is making a notable entrance into the Arkansas student housing market with the development of VERVE Fayetteville, a planned 843-bed facility near the University of Arkansas. Scheduled to be completed by August 2027, the initiative highlights Subtext's commitment to creating high-quality living environments nationwide. Situated at 707 W Treadwell St., the development promises modern amenities, convenient access to the university, and proximity to the vibrant Fayetteville community. The project enlists various partners, with Kennedy Wilson providing lending services, Brinkmann Constructors as the general contractor, Modus Studio as the architect, and Vida Design handling interiors. The deal for the development site was brokered by John Rowland and Steve Lane of Colliers | Arkansas.
Sectors
- Real Estate
- Construction
Geography
- United States (Arkansas) – The VERVE Fayetteville project is located in Arkansas, the site of the new development, making it a primary geographical focus.
Industry
- Real Estate – The project involves the development of a new residential facility catering to student housing, making the real estate industry a key factor.
- Construction – Key participants involved in the project include construction and architectural firms, pointing to the relevance of the construction industry.
Financials
- 843 beds – The number of student beds available in the planned VERVE Fayetteville development project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Subtext | Developer | Company | Subtext is leading the development of the VERVE Fayetteville project. |
| Kayne Anderson Real Estate | Joint Venture Equity Partner | Company | Partnering with Subtext, Kayne Anderson is participating as a joint venture equity partner. |
| Kennedy Wilson | Lender | Company | Kennedy Wilson is providing financing for the VERVE Fayetteville project. |
| Brinkmann Constructors | General Contractor | Company | The company responsible for the construction of the project. |
| Modus Studio | Architect | Company | Architectural firm involved in the design of the project. |
| Vida Design | Interior Designer | Company | Company responsible for interior design for the project. |
| Colliers | Arkansas | Broker | Company | John Rowland and Steve Lane from Colliers | Arkansas brokered the development site sale. |
| AJC Design Group | Landscape Architect | Company | AJC Design Group is handling landscape architecture for the project. |
| Viewtech | Structural Engineer | Company | Viewtech is responsible for the structural engineering of the project. |
| McClelland Consulting Engineers, Inc. | Civil Engineer | Company | Providing civil engineering services for the development. |
| ENGR3 | MEP Engineer | Company | ENGR3 is responsible for mechanical, electrical, and plumbing engineering. |