Illinois

Chicago — The Scion Group has launched ‘Mind at Ease,’ a monthly resource guide designed to support the mental wellness and personal development of its over 80,000 student residents. The program will equip students residing in properties across the Chicago-based company’s portfolio with resources and guidance on issues including relationships, safety at college parties and navigating academic pressure and stress. “As leaders in student housing, we recognize the pivotal role we can play in the lives of our residents who spend the majority of their time in the homes we …

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The-Radian

Chicago — Walker & Dunlop has provided a $380 million refinancing for a portfolio of 11 student housing properties. The communities are owned by a joint venture between Chicago-based The Scion Group and several undisclosed investors. Colin Coleman, Brendan Coleman and Will Baker of Walker & Dunlop structured the Fannie Mae credit facility, which will allow the borrowers to eliminate all floating-rate exposure from their original credit facility. The portfolio of properties includes Ion Tuscaloosa in Tuscaloosa (The University of Alabama); University House Fayetteville in Fayetteville (The University of Arkansas); Redpoint Gainesville in …

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Vue53

Chicago —  JLL Capital Markets has arranged a $45 million loan for the refinancing of Vue53, a 403-bed student housing property at the University of Chicago. Vue53 offers 267 units in studio, one- and two-bedroom layouts. Amenities include a bike storage facility, business center, study lounges, a fitness center, clubroom and sundecks. Residents also have access to a 24-hour doorman, onsite parking, package storage and handling, and campus shuttle pickup. The property features 27,367 square feet of ground-floor retail space that is anchored by a Target with a Starbucks. Brian …

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Champaign, Ill. — BWE has secured $10 million in acquisition financing for a portfolio of student housing properties near the University of Illinois Urbana-Champaign campus. Mike Guterman of BWE secured the financing on behalf of an undisclosed student housing owner and operator based on the East Coast. The financing was provided by a Midwest regional bank and features a five-year, 60 percent loan-to-cost ratio. The portfolio includes a mix of single family properties and small student housing communities totaling 616 beds across 170 units. 

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Soto-House

Chicago — Novel Student, CA Ventures’ purpose-built student accommodation management arm, has been awarded management of three student housing properties totaling 1,121 beds in Spain. New properties under management include Soto House, a community under development near the Public University of Navarra and the University of Navarra in Pamplona; Aller, a community serving students attending the University of Ovideo, Oviedo Art School and ESNE Asturias in Oviedo; and Platina, a student housing property located near the University of Salamanca and Pontifical University of Salamanca in Salamanca. “We are thrilled to …

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Josh-Kassing

Chicago — Mary Cook Associates has promoted Josh Kassing to senior vice president. Kassing previously held the position of vice president of design development. In his new role, Kassing will focus on leading the Chicago-based design firm’s growth alongside Founder and President Mary Cook. “Josh’s talent, passion and enthusiasm has been invaluable in our growth as a fully integrated interior architecture, procurement and installation firm tackling increasingly complex projects nationally across commercial, multifamily and hospitality sectors,” says Cook. “His ability to build relationships and connect with people, whether colleagues or …

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The-Park

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 first two phases of development at the site, and provide construction financing for Phase III of the project. Matthew Wurtzebach of Draper and Kramer’s Commercial Finance Group secured the non-recourse financing on behalf of 100 McKnight LLC. The initial two phases of the community, which were delivered in stages between 2019 and …

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Richards

Chicago — Core Spaces has hired Jennifer Holmes as chief financial officers and appointed Christine Richards to the role of chief operating officer. Holmes most recently served as chief accounting officer with Urban Edge Properties. “We are so excited to welcome Jen Holmes to the Core Spaces team and are proud to recognize the significant contributions of other key, senior executives across the organization,” says Dan Goldberg, president of the Chicago-based company. “The addition of Jen is an important step towards building a diverse, world-class leadership team as we transform …

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Gronlie-800x634

Chicago and Lafayette, Ind. — A joint venture between Chicago-based investment firm Harrison Street and Lafayette-based Trinitas has announced plans to develop four student housing projects in markets across the country that are aggregately valued at $450 million. The four projects will total 3,390 beds and will all be located within walking distance of campus for students at Indiana University, University of Central Florida, University of Wisconsin and University of Georgia. Construction timelines were not disclosed. Trinitas will assume property management responsibilities upon completion of each project. Current at Latimer Square will …

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Kim-Brownfield

Chicago — Mary Cook Associates has hired Kim Brownfield as director of procurement. In her new role, Brownfield will lead the Chicago-based firm’s procurement department with a focus on processes and operations for all aspects of furniture, fixtures and equipment (FFE) sourcing. This will include collaboration with the company’s design team while securing vendor quotes and overseeing budgeting and scheduling; managing installations; handling client communications; and resolving issues related to damaged goods, replacements and care and maintenance. Brownfield joins MCA from IIG Design, an Indiana-based interior design firm with a …

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