header_bar
Last Updated ( 02/24/2012 18:00 )
DATE_FORMAT_LC2=Friday,February 24 2012 05:00:00 AM   
Campus Living Villages Completes Two Transactions and Scheduled Refinancing of Student Housing Community

Houston — Campus Living Villages has finalized two key real estate transactions in the Delaware market. The first is the scheduled refinancing of Studio Green, a 704-unit, off-campus residential community serving the University of Delaware in Newark. This transaction brings to a conclusion CLV's refinancing program in the United States, which included 16 on-campus assets in March 2011 and the $38 million refinance of Illini Tower, serving the University of Illinois in Champaign.

 

In nearby Claymont, CLV has completed the sale of Waterview Court, which is a 120-unit multi-family complex that was originally purchased in 2008 as a parcel with Studio Green. That property was never slated to join the company's student housing portfolio and has been operated independently since its acquisition.

 

"CLV continues to be committed to the U.S. student housing market. The sale of Waterview Court and the additional equity injection into Studio Green allows us to focus on our core strategy of student housing," said Global CEO Martin Earp in a press release.

 

CLV's refinancing team worked with C-III Capital Partners on the transaction.

 

Studio Green Delaware debuted under the CLV flag in summer 2009, after a $6 million reinvestment.



 

JoomlaStats Activation

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.