Cleveland — KeyBank Real Estate Capital has provided a total of $274 million in Freddie Mac loans for a portfolio of seven student housing properties.
Managed by a Florida-based multifamily investment firm, the properties total 4,114 operating beds. Todd Goulet and Jeannie Johnson of KeyBank’s Commercial Mortgage Group arranged the Capital Markets Execution financing, which was part of a $430 million KeyBank-originated portfolio, including the seven dedicated student housing properties, two assisted living facilities and one market rate apartment complex. The seven properties are comprised of Luxe on West Call located in Tallahassee, Florida; 700 on Washington located in Minneapolis; Fuse Apartments located in West Lafayette, Indiana; Cottages of San Marcos located in San Marcos, Texas; Lofts at City Center located in Tuscaloosa, Alabama; and Next Apartments and The Cadence, both located in Tucson, Arizona.