Treesdale Partners has launched a real estate arm that will focus on acquiring student housing properties.
New York City — New York City-based hedge fund Treesdale Partners has formed a new real estate arm. Treesdale Real Estate Partners LLC will focus on the acquisition of student housing properties nationwide. The new leaders of the new division are Oliver Swan, formerly of Campus Habitat, and Richard Steinberg, who comes to the company from Commercial Capital Holdings.
According to published reports, Treesdale Real Estate Partners will focus on acquiring distressed assets. It will not raise a separate fund for the acquisitions, instead tapping into Treesdale's existing assets. It will rely on agency lenders, regional banks and credit unions for debt financing.