TH Real Estate Provides $129.4 Million in Financing for Two Communities in Minnesota, Georgia

Georgia Heights is located near the University of Georgia in Athens. The property offers amenities including a clubhouse and a resort-style pool. (Image courtesy of georgiaheights.com) Georgia Heights is located near the University of Georgia in Athens. The property offers amenities including a clubhouse and a resort-style pool. (Image courtesy of georgiaheights.com)

Minneapolis and Athens, Ga. — TH Real Estate — an affiliate of Nuveen, the investment management arm of TIAA — has provided separate loans totaling $129.4 million for two student housing communities located in Minnesota and Georgia.

The company has provided an $83.2 million recapitalization for The Marshall, a 994-bed community located near the University of Minnesota in Minneapolis. The company also provided a $46.2 million, first mortgage financing for Georgia Heights, a 294-bed community located near the University of Georgia in Athens. Both loan facilities were arranged for the borrower, a joint venture between Schenk Realty Group and EdR.

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