Austin, Texas — Newmark Knight Frank (NKF) has released an industry report titled the NKF 2019 Student Housing Market Overview and 2020 Outlook. In 2019, the industry saw a deviation from major portfolio sales to a high transaction volume focused on single-asset sales and mini-portfolios, according to NKF’s findings. Cap rates sustained marginal fluctuations from 2019’s compression, and continued interest from institutional, domestic and international capital promoted greater market scale within the asset class. More than $5.8 billion of capital flowed into the student housing sector in 2019, directed toward the acquisition …
Newmark Knight Frank
NKF Arranges Sale, Acquisition Financing for New Student Housing Community Near University of Arkansas
by Katie Sloan
Fayetteville, Ark. — Newmark Knight Frank Multifamily (NKF) has arranged the sale of and acquisition financing for the Cottages on Hollywood, a 652-bed community located near the University of Arkansas in Fayetteville. Construction on the property was completed this fall. Ryan Lang, Brandon Buell and Jack Brett of NKF represented the seller, Barrett Development Group, in the disposition of the property to Inland for an undisclosed price. Joel Simmons, Matt Williams, James Maynard and Kyle Schlitt of NKF Multifamily Capital Markets Debt and Structured Finance arranged acquisition financing on behalf …