investment sale

Chicago — Berkadia has arranged the sale of Tailor Lofts, a 441-bed student housing community located near the University of Illinois at Chicago and Rush University. The property offers studio, two- and four-bedroom, fully furnished units. Shared amenities include a 24-hour fitness center, doorman, computer center, clubhouse, conference room, game room, tanning dome, laundry center and a study lounge. Kevin Larimer and Greg Gonzalez of Berkadia completed the sale on behalf of Blue Vista Capital Management. Ed Kim and Jie Lee of Berkadia also arranged acquisition financing on behalf of …

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Los Angeles — FourPoint Investment Sales Partners has arranged the sale of Chateau Sera and Tropicana, two student housing communities totaling 60 beds near the University of Southern California in Los Angeles. Both buildings were recently renovated and feature exterior and interior upgrades throughout. Chris Epp, Chris Bancroft, Craig Miller and Meredith Wolff of FourPoint arranged the transaction on behalf of the seller, NB Private Capital. A California-based regional operator acquired the portfolio. Terms of the sale were undisclosed.

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Austin, Texas — HFF has arranged the sale of Villas on 26th, a 182-bed student housing community located near the University of Texas at Austin. The community offers one-, three-, four-, five- and six-bedroom units, with larger units featuring private, in-home movie theaters. Shared amenities include a pool-sized hot tub, multiple outdoor patios with televisions and a 24-hour fitness center. Ryan McBride and Doug Opalka of HFF represented the seller, Zucker Properties, in the disposition of the community to Arrimus Capital. Terms of the transaction were undisclosed.

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