Washington, D.C. — Preston Hollow Community Capital has closed on $300 million in tax-exempt bond financing. The loan will consolidate financing of Howard University’s Towers, Drew, Cook, Quad and Axis residence halls in Washington, D.C. Loop Capital Markets served as
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New York City — Global Student Accommodation (GSA) has secured four financing facilities across the U.S. totaling $550 million. The facilities are placed with Pacific Life Insurance Co., J.P. Morgan, TD Bank, PGIM Real Estate and PNC Agency Finance, and
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Ewing, N.J. — The PRC Group has received an $88.4 million refinancing for Campus Town at TCNJ, a 612-bed student housing community located near The College of New Jersey campus in Ewing. John Banas, Kristopher Wood, Christopher Philipps, Rhett Saltiel,
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Ann Arbor, Mich. — Archway Capital has provided a $4 million loan for the refinancing of a three-property student housing portfolio serving the University of Michigan in Ann Arbor. The portfolio totals 60 units. The borrower has owned the portfolio
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Normal, Ill. — Draper and Kramer Inc. has arranged a $14.9 million loan for The Park at Constitution Trail Centre, a student housing development near the Illinois State University campus in Normal. The loan will retire existing debt on the
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College Park, Md. — Axiom Capital Corp. has arranged the $34.5 million refinancing of a student housing property located near the University of Maryland in College Park. The fixed-rate, non-recourse loan was secured on behalf of an undisclosed borrower and
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Cincinnati — Fountain Residential Partners has received joint venture equity for the development of Four Corners, a 404-bed student housing project located adjacent to the University of Cincinnati. Jeremy Sain, Teddy Leatherman, Ryan Pollack and Danielle Rice of JLL represented Fountain
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Berkeley, Calif. — Valiance Capital has acquired a development site at 2538 Durant Ave. near the University of California, Berkeley, campus. The company plans to replace an existing 12-unit apartment building on the site with an eight-story community offering 270
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Tucson, Ariz. — Gantry has secured $8.5 million in acquisition financing for The Zone Apartments, a 104-bed student housing community located near the University of Arizona campus in Tucson. Adam Parker and Chad Metzger of Gantry secured the financing through
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Raleigh, N.C. — The Preiss Co. has recapitalized Campus Edge, a 546-bed student housing community located near North Carolina State University’s Centennial Campus in Raleigh. Preiss is set to begin a multi-million dollar improvement plan at the property imminently, which
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The Nov. 2 webinar “Student Housing Demand — 2022 Review & 2023 Outlook,” hosted by Student Housing Business and sponsored by Yardi, covered the larger economic outlook, enrollment, the health of student housing and “shadow markets” (nearby apartments competing for residents), industry fundamentals (including preleasing,
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Austin, Texas — Hawkwood Ventures has received financing for the acquisition of a 140-bed student housing community located at 900 W. 23rd St. near the University of Texas at Austin campus. The $11.2 million loan was provided by iBorrow, and
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