CBRE Arranges $120 Million Acquisition Financing for University Center Chicago

University Center Chicago is located near 22 educational institutions in Chicago’s South Loop neighborhood. University Center Chicago is located near 22 educational institutions in Chicago’s South Loop neighborhood.

Chicago — CBRE has arranged $120 million in financing for the acquisition of University Center Chicago, a 1,729-bed student housing property located in Chicago’s South Loop neighborhood.

The financing was arranged on behalf of a joint venture between Blue Vista Capital Management and AXA Investment Managers. The community is surrounded by 22 educational institutions with an enrollment of approximately 58,000 students. The property has master leases with three different academic institutions and features 28,000 square feet of ground-level retail, a fitness center with a dance studio, study rooms on every floor, a 30,000-square-foot dining facility and 15,000 square feet of meeting space. 

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