New York City — Global Student Accommodation (GSA) has received a $500 million refinancing for a 23-property student housing portfolio located across 14 states. The senior loan facility was provided by Wells Fargo Bank. Communities are located near universities including the University of Cincinnati, Arizona State University, Auburn University, Purdue University and the University of Illinois. Further details on the financing and portfolio were not released. “This latest refinancing will facilitate both expansion within the United States market and ongoing refurbishments,” says John Jacobs, global head of capital markets with GSA, which is headquartered in London and New York City. “This includes initiatives to improve the energy efficiency of the portfolio and further support for students’ wellbeing.”
Yugo Cincinnati Deacon, serving students attending the University of Cincinnati in Ohio, was included in the refinancing.
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