San Marcos, Texas — The Preiss Co. has recapitalized Outpost San Marcos, a 486-bed student housing community located near the Texas State University campus in San Marcos. The property is owned by Preiss through a joint venture with an undisclosed,
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Auburn, Ala. — WFI has received a $37.5 million refinancing for The Union at Auburn, a 501-bed community serving students attending Auburn University in Alabama. The property is located at 900 W. Glenn Ave. and offers two-, three-, four-, five-
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Are we facing a ninth consecutive interest rate hike from the Federal Reserve? It’s a question that has been looming, and with the arrival of Fed Day, an answer is finally in sight. The past few weeks have seen the
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Los Angeles — Champion Real Estate Co. has received a $16.1 million refinancing for Victory on Portland, a 139-bed student housing community located at 2353 Portland St. near the University of Southern California campus in Los Angeles. The company, which
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Tallahassee, Fla. — A joint venture between Charles Street Development and ACRES Realty Funding has received $63 million in construction financing for Renegade Apartments, a 153-unit student housing development in Tallahassee. The community will be located blocks from the university’s
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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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