Student Housing
TODAY'S DEALS: Beech Street Closes $26.3M Loan for N.J. Acquisition
Beech Street closes N.J. acquisition financing; CB Richard Ellis — N.E. Partners brokers a $21 million sale; and HFF closes a $14.5 million sale in Oregon.
First Purpose Built Student Housing Development Launches in Brighton, UK
With the student housing market on an upswing across the South of England, due to both international and domestic students, as well investors, Property Frontiers Ltd. has announced the launch of the first purpose built student housing investment in Brighton, UK.
TODAY'S DEALS: SL Green to Develop Manhattan Dorm Tower
SL Green led JV to build a dorm in Manhattan; Beech Street Capital provides $33 million in Fannie loans to two Baltimore-area assets; and Colliers International represents the buyers and sellers in the $7.7 million sale of an apartment property in San Diego.
Crescent Resources Opens Student Housing in Texas
Crescent Resources has opened Circle West Campus, a student apartment community located at the intersection of West 25th and Longview Streets by the University of Texas.
TODAY'S DEALS: Waterton Associates Re-Enters Phoenix With 576-Unit Purchase
Waterton Associates buys a Phoenix asset; EdR breaks ground on Phase II at Mansfield University; and Centerline Capital Group provides a FHA 223(a)(7) refinance mortgage to replace an existing 221(d)(4) loan and lower interest rate.
TODAY'S DEALS: PCCP Provides $30M for Delaware Recap
PCCP provides $30 million for the recapitalization of a 214-unit asset; Fountain Residential breaks ground near Texas Christian University; and NorthMarq Capital arranges a $25.39 million Freddie Mac mortgage.
Fountain Residential Partners Breaks Ground on Second Luxury Student Housing Community
Fountain Residential Partners has broken ground on LoftVue, a student housing facility near Texas Christian University in Fort Worth, Texas. This will be their second student community in the area.
Greystar Announces New Managing Director of Development for Student Living Portfolio
Greystar recently announce the hiring of Lance Hanna as managing director of development for its student living portfolio.
Inland American Communities Group Completes Construction on Fully Leased Student Housing
Inland American Communities Group has completed construction of the University House student residential community at the University of Central Florida.
New Student Housing Opens Featuring Townhouse-Style Apartments
Bison Run Village, the new 332-bed student housing community at the University of Wyoming includes 15 residential buildings and a 4,000-square-foot community center.