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Lakemoor
FinanceNewsTennessee

BWE Secures $47 Million Refinancing for Lakemoor Station Near the University of Tennessee

by Katie Sloan

Knoxville, Tenn. — BWE has secured a $47 million refinancing for Lakemoor Station, a 240-unit student housing community located near the University of Tennessee campus in Knoxville. Jim Collins of BWE worked on behalf of the borrower, Dominion Group, to secure the 10-year, fixed-term financing through Nationwide Insurance. The loan features a 30-year amortization schedule. The University of Tennessee has master leased the property for five years with a three-year renewal option. The garden-style community offers fully furnished units alongside shared amenities including an outdoor pool, lounge area, fitness center and …

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Retreat-East
FinanceFloridaNews

Landmark Properties, Stockbridge Recapitalize Cottage-Style Community Near University of Central Florida

by Katie Sloan

Orlando, Fla. — Landmark Properties has partnered with Stockbridge to recapitalize The Retreat East, a 602-bed student housing development located near the University of Central Florida campus in Orlando. The cottage-style property was developed by Landmark in 2021 at 1705 France Drive. The community offers four-, five- and six-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a two-story fitness center, 24-hour computer lab, group and private study lounges, a resort-style swimming pool and hot tub, grilling area, hammock and cabana grove, an outdoor gaming lawn and a clubhouse. This …

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GCU-Campus
ArizonaFinanceNews

Colliers Arranges $520 Million Bond Refinancing for Grand Canyon University

by Katie Sloan

Phoenix — Colliers has secured a $520 million refinancing for Grand Canyon University’s (GCU) real estate portfolio in Phoenix.  The loan was placed through the Industrial Development Authority of the County of Maricopa Education Bonds (Grand Canyon University Project Taxable Series 2024) and includes the refinancing of two bridge loans placed by Colliers in October. The loan, which also pays off the university’s credit line, is a 3a2 bond financing and was issued as a partial refinancing of bonds issued by the university in 2021.  Robert Kline, Todd Noel and Mindy …

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Hartwell-Ridge
DevelopmentFinanceNewsSouth Carolina

JLL Secures Construction Financing, Equity Placement for 168-Unit Development Near Clemson University

by Katie Sloan

Clemson, S.C. — JLL has secured construction financing and an equity placement for Hartwell Ridge, a 168-unit student housing development located near the Clemson University campus in South Carolina. Jeremy Sain, Teddy Leatherman and Lauren Dow of JLL represented the borrower, Fountain Residential Partners, in arranging the equity placement through FrontRange Capital and Atlantic American Partners. BankUnited provided the construction loan for the project. Located at 10920 Clemson Blvd., the community will offer fully furnished units in studio through five-bedroom configurations, including two-story townhomes. Shared amenities will include a swimming pool, …

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FinanceMississippiNews

Seven Hills Realty Trust Provides $42 Million Refinancing for Student Housing Property Near Ole Miss

by Katie Sloan

Oxford, Miss. — Seven Hills Realty Trust has provided a $42 million bridge loan for the refinancing of The Domain at Oxford, a 642-bed student housing property located near the University of Mississippi (Ole Miss). Newmark arranged the three-year loan on behalf of the borrower, Sausalito, California-based Shore to Shore Properties Inc. The loan features two one-year extension options. Located at 2002 Oxford Way, The Domain features 216 one-, two- and four-bedroom apartments, each furnished with a 43-inch TV. According to Apartments.com, the gated community was built in 2016 and features …

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FinanceNewsTexas

Colliers Mortgage Arranges $34.6 Million Acquisition Loan for Student Housing Property Near University of Texas at Tyler

by Katie Sloan

Tyler, Texas — Colliers Mortgage has arranged a $34.6 million acquisition loan for The Foundry, a 675-bed student housing property that serves the University of Texas at Tyler, located about 120 miles east of Dallas. The Foundry is located across the street from campus and offers amenities such as a pool, clubhouse, game room, fitness center, outdoor picnic and grilling areas and a sand volleyball court. Greg Young of Colliers Mortgage originated the debt, which includes proceeds for capital improvements. The borrower and direct lender were not disclosed.

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Garden-Village
CaliforniaFinanceInvestment SalesNews

Hawkins Way Capital Receives $45 Million Acquisition Financing for Garden Village in Berkeley, California

by Katie Sloan

Berkeley, Calif. — Hawkins Way Capital has received $45 million in acquisition financing for Garden Village, a 225-bed student housing community located near the University of California, Berkeley campus. Brandon Smith, Annie Rice and Gyasi Edmondson of JLL Capital Markets secured the two-year, floating-rate financing through Limekiln Real Estate Investment Management on behalf of the borrower. The community was developed in 2016 and spans 64,301 square feet across 18 buildings. The new ownership plans to rebrand the property FOUND Study Southside Berkeley, and it will be managed by FCL Management. Built …

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The-Avery
FinanceNewsPennsylvaniaSouth Carolina

BridgeInvest Provides $84.3 Million Refinancing for Two Student Housing Properties in Pennsylvania, South Carolina

by Katie Sloan

Philadelphia and Columbia, S.C. — BridgeInvest has provided loans totaling $84.3 million for the refinancing of two student housing communities in Pennsylvania and South Carolina. The borrowers in both transactions were not disclosed. The Avery, a 241,000-square-foot community offering 796 beds near Temple University in Philadelphia, received a $54.3 million refinancing. The property was updated in 2021 and features three ground floor retail spaces, two of which are occupied by Fat Shack and Jimmy John’s. The Rowan, a townhome-style community located near the University of South Carolina’s Williams-Brice football stadium, received …

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The-Timbers
FinanceNewsTexas

Orion Real Estate Refinances The Timbers Community Near Texas State University

by Katie Sloan

San Marcos, Texas — Orion Real Estate Partners has refinanced The Timbers, a 253-bed student housing community located near the Texas State University campus in San Marcos. Dan Kearns, Patricia Heminger, Rebecca Brielmaier and Katia Novi of JLL worked on behalf of the borrower to place the loan through Freddie Mac, which will be serviced by JLL Real Estate Capital. Located at 900 Peques St., the community offers 155 units in one-, two- and three-bedroom configurations. Select apartments offer wood-burning fireplaces and vaulted ceilings. Shared amenities include a clubhouse with an …

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Avalon-Pointe
DevelopmentFinanceNewsTexas

Northmarq Arranges Construction Financing for 142-Unit Development Near University of Texas at Austin

by Katie Sloan

Austin, Texas — Northmarq has arranged construction financing for Avalon Pointe, a 142-unit student housing development located near the University of Texas in Austin’s West Campus neighborhood. The 10-story community will offer studio, one- and two-bedroom units. Shared amenities will include a first-floor study lounge, fitness center, electric vehicle charging stations and a 10th floor social room. Cheryl Higley, Ryan Shoars, Noah Villicana and Haylee Williamson of Northmarq’s Austin debt and equity team secured the financing on behalf of an undisclosed borrower. The financing allows up to 75 percent loan-to-cost and offers …

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