Morgantown, W.Va. — Maverick Commercial Mortgage Inc. has arranged a $5.4 million loan for the refinancing of a 114-bed student housing property situated adjacent to the campus of West Virginia University in Morgantown. The name and address of the 34-unit property was not disclosed. Maverick Commercial arranged the 10-year, fixed-rate loan with a 25-year amortization schedule through an unnamed national bank on behalf of the borrower, a national developer based in Indianapolis.
Morgantown, W.V. — Highland Realty Capital has arranged a $10.3 million bridge loan for The Ridge at Morgantown, a 644-bed student housing community located near West Virginia University in Morgantown.
Shepherdstown, W.Va. — EdR and Shepherd University have opened Potomac Place, a 298-bed residence hall located on the university’s campus in Shepherdstown, West Virginia.
Morgantown, W.Va — Nelson Brothers Professional Real Estate LLC has acquired Mountain Valley Apartments, a student housing complex located roughly three miles from West Virginia University in Morgantown, for $39 million.
Morgantown, W.Va. — Core Spaces has acquired a three-year-old, 420-bed student housing community located less than half a mile away from the West Virginia University campus in Morgantown.
Morgantown, W. Va. — Campus Evolution Villages has refinanced Campus Evolution Villages Morgantown, a 924-bed, 280-unit student housing property located minutes away from West Virginia University.
Morgantown, W.Va. — American Campus Communities has broken ground on U Club Sunnyside, a 536-bed student community located in Morgantown near West Virginia University.
Fairmont, W.Va. — Fairmont State University has begun construction on its newest student housing project, University Terrace.
Morgantown, W.Va. — Pierce Education Properties LP (PEP) has purchased The Lofts Morgantown, an off-campus student housing community serving West Virginia University students, for $28.75 million.
Morgantown, W.V. — Asset has managed properties in the Morgantown market before.
