Horizon Realty Advisors Acquires 524-Bed Community Near University of Illinois Urbana-Champaign

Urbana, Ill. — Horizon Realty Advisors has acquired Campus Circle, a 524-bed student housing community located near the University of Illinois Urbana-Champaign campus in Urbana. Scott Clifton, Kevin Kazlow and Jack Goldberger of JLL represented the seller, an affiliate of Blue Vista Capital Management, in the disposition. Jake Wisness, Dan Kearns, Mike Brady, Sam Tarter and Bill Maloney, also of JLL, secured financing for the transaction on behalf of the buyer. Freddie Mac provided the five-year, fixed-rate loan, which will be serviced by JLL Real Estate Capital. Located at 1010 W. University Ave., Campus Circle offers 181 units in one-, two- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a yoga and dance studio, outdoor lounge, business center, two-story club room, coffee bar, rooftop terrace with fire pits, theater room, virtual classroom, heated pool, game room, private study rooms and a two-story fitness center.