St. Louis, Mo. — The acquisitions include turn-of-the-century architecture near St. Louis University, including a former Shriners meeting hall built in 1912.
St. Louis, Mo. — Kayne Anderson Real Estate Advisors (KAREA), the private equity real estate arm of Kayne Anderson Capital Advisors, has acquired three apartment buildings and a parking garage, all located across the street from the main gate of St. Louis University. The acquisition brings 655 beds and 406 units to KAREA's portfolio. The properties, which include turn-of-the-century architecture, feature The Coronado (originally a hotel), Moolah Place (originally a Masonic temple), Lindell Towers, and the parking structure, which is known as Moolah Garage. KAREA says the assets are unique in their ability to bring a touch of "old-world" elegance to urban living. These assets bring KAREA's student housing portfolio to approximately 16,000 beds and 5,400 units. KAREA's portfolio also contains 444 conventional multifamily units and 15,065 self-storage units.