Austin, Texas — CBRE has arranged acquisition financing for 21 Pearl, a 272-bed student housing community located a few blocks from the University of Texas at Austin’s West Campus neighborhood. Benjamin Roelke and Ian Walker of CBRE arranged the financing on behalf of TEXLA Housing Partners and a private equity real estate fund managed by Crow Holdings Capital. The new ownership plans to invest $1.35 million on a rebranding strategy that includes upgrading building exteriors, common areas and community amenities. The five-year, fixed-rate loan was provided by an undisclosed life …
Texla Housing Partners
Oxford, Miss. — Texla Housing Partners has sold University Trails Oxford, a student housing community located near the University of Mississippi in Oxford.
Tallahassee, Fla. — The property was built in 2004 and will soon receive capital improvements.
Oxford, Miss. — University Trails was purchased by Texla Housing Partners and Vermillion Development Corp. in 2010.
Lexington, Ky. — The apartments were built in 1996. A $3.5 million improvement campaign will upgrade furnishings, appliances, fixtures.
Dallas — The property is managed by TEXLA Housing Partners.
Binghamton, N.Y. — Final capital improvements complete.