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Commercial Real Estate Direct Staff Report Strategic Student & Senior Housing Trust Inc. has sold the 198-unit YOUnion@Fayetteville student-housing property, serving the main campus of the University of Arkansas, for $72.25 million, or $364,899/unit. The property, with a 589-bed capacity ...
Worthe, of Santa Monica, Calif., Stockbridge, of San Francisco, and QuadReal, of Vancouver, British Columbia, purchased the property from Warner Bros. Discovery as part of a sale-leaseback agreement. Warner Bros. provided $281.3 million of seller financing to facilitate the venture's ...
Tailwind Group has bought the 720-bed Reserve on West 31st student-housing property in Lawrence, Kan., for an undisclosed price. The Mankato, Minn., company purchased the 192-unit property from the Arizona State Retirement System in a deal brokered by JLL. It ...
A venture led by Up Campus Student Living has paid $67.5 million, or $270,000/unit, for the Boathouse apartment building, a 250-unit student-housing property in Washington, D.C. The Chicago developer partnered with Palmor Capital, BridgeInvest and Sabal Investment Holdings on the ...
The purchase price was not disclosed, but the five-story property was most recently appraised at a value of $32.3 million, according to the Travis Central Appraisal District.
Commercial Observer A joint venture that includes Portman, 908 Group, Canyon Partners Real Estate and PTM Partners has lined up a $73.3 million construction loan for The Hall student-housing project in Tallahassee, Fla. Pacific Life Insurance Co. provided the loan. ...
Macquarie Capital Principal Finance has provided $77 million of financing against the 229-unit Junction 49 student-housing property that serves the University of North Carolina at Charlotte campus. The loan was arranged by Cushman & Wakefield's equity, debt and structured-finance unit. ...
Crain's New York Business New York University has paid $69.2 million, or $1,235/unit, for the 56-unit dormitory property at 35 Cooper Square in Manhattan's East Village. The property, which was built in 2015, was sold by a venture of Sherwood ...
Multi-Housing News A venture led by Tailwind Group has bought the 156-unit Campus Trails student-housing property in Starkville, Miss. LivCor sold the three-story property in a deal brokered by CBRE. The purchase was not immediately known. Campus Trails was built ...
Atlanta Business Chronicle Core Spaces has proposed building a 265-unit student-housing project in Atlanta's Midtown neighborhood. The Chicago company wants to build the project, dubbed Hub Cypress, on a 0.8-acre parking lot site at Seventh and Cypress streets, near the ...
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