Multi-Housing News A venture led by Vesper Holdings has paid $53 million, or $81,664/bed, for the Lex, a 649-bed student-housing property serving the University of Kentucky in Lexington, Ky. The New York investor purchased the property from RPM and WF ...
Walker & Dunlop has provided $217.29 million of Freddie Mac mortgage financing against a pair of student-housing properties with 606 units near Temple University in Philadelphia. Meanwhile, Walker & Dunlop Investment Partners has made a $68.1 million preferred equity investment ...
AL.com Audubon has bought Scholar Birmingham, a 198-unit student-housing property in Birmingham, Ala. The seller and purchase price were not disclosed. Scholar Birmingham, at 1001 20th St. South, was built in 2020 and has studio, one-, two-, three- and four-bedroom ...
Multi-Housing News Forethought Life Insurance Co. has provided a $65 million loan against The Reflection, a student-housing property with 741 beds in downtown Atlanta. A venture of The Scion Group and Brookfield Asset Management recently purchased the 247-unit building from ...
The townhouse property, at 446 Blue Course Drive, just more than a mile from the university's main campus, was sold by College Town Communities of Malvern, Pa., in a deal arranged by Berkadia. The property was acquired by an investor ...
Multi-Housing News 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 ...
Pope & Land Real Estate has paid $37.2 million, or about $112,727/bed, for 100 Midtown, a 330-bed student-housing property in Atlanta's Midtown neighborhood. The local development and investment company purchased the nine-story property from an affiliate of the Arizona State ...
The purchase price was not yet known. The Luxx, at 6023 UTSA Blvd., serves as collateral for a $26.21 million loan that's securitized through CSAIL Commercial Mortgage Trust, 2015-C2. The fixed-rate loan pays a coupon of 4.15 percent and matures ...
Strategic Facility Partners has bought The Henry, a 537-bed student-housing property in downtown Tampa, Fla., for $128.1 million, or about $238,547/bed. The Columbus, Ohio, nonprofit purchased the 23-story property, with 188 units at 100 East Tyler St., from a venture ...
Commercial Real Estate Direct Staff Report 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 ...
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