Denver, Colo. — Global student housing operator Yugo has appointed Rui Barros to the role of global chief operating officer. In his new role, Barros will lead the Denver, Colorado-based company’s operations and commercial teams, while working with partners to support student residents. “We are very pleased to welcome Rui to the business,” says Aly El-Bassuni, CEO of Yugo. “His appointment comes at a time when we are redefining the college living experience for students globally, and his expertise in the hospitality sector and developing brand value strengthens our leadership …
Denver, Colo. — Global student housing operator Yugo has appointed Aly El-Bassuni to the role of chief executive officer. In his new role, El-Bassuni will lead the Denver-based company with a focus on strategic growth, embedding value and driving global operational performance for stakeholders. El-Bassuni has over 20 years of experience in the hospitality sector. Most recently, he served as COO of Radisson Hotels for the Americas. “I am very pleased to welcome Aly to our business,” says Nicholas Porter, founder and executive chair of Yugo. “His in-depth knowledge of …
Denver — A joint venture between Hybridge Capital Management and Productive Capital Associates has purchased The Villas, a student housing property in Denver, from Central Street Capital for $40 million in an off-market transaction. The 360-bed community is located near the Auraria Campus, an educational facility that serves the University of Colorado – Denver, Metropolitan State University and the Community College of Denver. The new ownership plans to completely renovate the property and add amenities including a clubhouse, gym, swimming pool and dog park. The property currently offers three-bedroom units …
Denver — The University of Denver has opened a community commons, residence hall and a 23,000-square-foot career center ahead of the 2021-2022 academic year. The Dimond Family Residential Village offers 501 beds targeted for freshman students and was designed by University Architect Mark Rodgers, Design Architect Anderson Mason Dale and Collaborating Architect Moore Ruble Yudell. The project includes interior ‘porches’ at unit entries for gathering, common areas and a communal bridge with gathering space leading into a courtyard. The building is on target for LEED Gold certification. The Dimond Family Residential …
Denver, Colo. — Nicholas Porter of Global Student Accommodation Group (GSA) has launched Yugo, a Denver-based company focused on student housing operations. The company was created through the merging of three international operating brands under GSA’s umbrella — The Student Housing Company, Nexo Residencias and Uninest Student Residents with the U.S. operations of UComm. Yugo’s global portfolio will encompass 95 properties across nine countries, with 45,000 beds across more than 75 cities. In the U.S., Yugo’s 29 communities span 19 states in cities such as Philadelphia; Columbia, Missouri; Minneapolis; and …
Denver — University and Evans, a limited liability company based in Denver, has completed the disposition of the fee simple interest in University Lofts, a student housing and retail property located at 2076 University Blvd. in Denver. An entity doing business as DU Univ Lofts Acq. LLC purchased the asset for $17.3 million. Built in 2006, the 44,495-square-foot property features 35 residential units totaling 97 bedrooms, as well as 8,636 square feet of street-level retail space. The five-story building also features a two-story underground parking structure with 69 heated parking stalls. …
Fort Collins, Colo. — Brickstone Partners has acquired two student housing communities near the Colorado State University campus in Fort Collins for $81 million. The 288-unit portfolio includes Landmark and Stone Creek apartment communities. The new ownership is set to begin comprehensive upgrades on the properties, which will include modernizing units with the addition of new flooring, kitchen and bathroom cabinets, quartz countertops, stainless steel appliances, upgraded doors, lighting and plumbing fixtures; updated exterior landscaping; common-area improvements; and new finishes within the clubhouse. Both properties offer shared amenities including saltwater …
Denver — Cardinal Group Cos. has announced the launch of a new consulting division. The Denver-based company will offer consulting services including market research on supply and demand, historical occupancy, rent growth and demographics; competitive set analysis, including the identification of and comparisons with competitive communities; operating budget creation; due diligence services including lease file audits and unit inspections; and pre-development services, including SWOT analysis, design review, pro forma review and absorption schedule.
Denver — Cardinal Group Cos. has hired Madison Meier as vice president of capital markets for the company’s investment arm, Cardinal Group Investments (CGI). In her new role, Meier will be responsible for all investor relations activities at CGI, including development of new relationships and investment product development. Prior to joining Cardinal Group, Meier spent 13 years with Campus Advantage serving in a variety of business development and investment management capacities. “As part of our 2020 planning, we are committed to growing our capital base and pursuing new acquisitions,” says Alex …
Denver — Jennifer Cassidy has joined Cardinal Group Management as senior vice president of student housing operations. In her new role, Cassidy will be responsible for day-to-day management and the performance of the company’s 65,000-bed student housing portfolio. Prior to joining Cardinal Group, Cassidy spent 15 years with Campus Advantage serving the organization in a variety of leadership roles. “As part of our 2020 planning, we committed to expanding our leadership team to meet the needs of a fast-paced and growing organization,” says Alex O’Brien, CEO of the Denver-based company. …