CBRE Arranges Sale, Financing for 308-Bed Community Near the University of Vermont

Winooski, Vt. — CBRE has arranged the sale of Spinner Place, a 308-bed student housing community located near the University of Vermont in Winooski. The community offers shared amenities including a media room, fitness center and recreation room. The property also features ground floor retail, which was leased to The Archives Bar, Champlain Nails, Asian Bistro and La Bella Skin Boutique at the time of sale. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the undisclosed seller in partnership with CBRE Vermont Multifamily’s John Reed and Jack Reed. Property Income Advisors Inc. represented the undisclosed buyer in the transaction. Mike Bryant and Brad Peters of CBRE’s National Student Housing Debt & Structured Finance team assisted with the financing on behalf of the buyer.