CBRE Arranges $64.6 Million in Three Student Housing Financing Transactions

Dallas — The properties are close to campus, with polished amenity packages.

vue-cbre WEBUniversity House TSUDallas — CBRE Capital Markets, a debt and equity provider for the student housing industry, has arranged more than $64.6 million in life-company financing for three separate transactions at various locations around the country.

 

The CBRE team of Steve Roth and Ben Roelke structured the financing for Inland American Communities' acquisition of the VUE on University, one block south of Texas Christian University in Fort Worth, Texas. Now rebranded as University House TCU, this four-story property contains 118 beds with high quality finishes and sophisticated amenities, including a rooftop lounge, H2O deck and 6,000 square feet of retail space.

 

CBRE completed the refinance of Zaragon Place in Ann Arbor, Mich. Steve Roth led the team that arranged the financing for the borrower, Zaragon Inc. Located across from the main campus of the University of Michigan, Zaragon Place has high-end amenities and 248 beds in unique unit layouts and green features for less expensive turnover costs.

 

The CBRE team of Steve Roth and Ben Roelke also arranged the financing for the acquisition of Northgate Lakes, a 710-bed student housing community adjacent to the University of Central Florida. CBRE worked on behalf of Campus 150 Venture LLC, a joint venture between principals of Campus Advantage and a state pension fund.

 

 

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