Trimark Properties, a commercial real estate developer and property management company headquartered in Gainesville, Florida has just settled a $22 million deal for refinancing of three of its popular luxury student apartment complexes near the University of Florida campus. The refinancing was arranged through JP Morgan by Walker & Dunlop’s Paul Ahmed. The deal decreased
P3+ Private Sector Financing for On-Campus Housing Announced
Harrison Street Real Estate Capital and Capstone Development Partners recently announced P3+, a program for universities seeking cost-effective private sector finance and development assistance with their on-campus housing.
Investments in UK Student Accommodation Reach Record High
The amount invested in student accommodation in the UK in 2012 reached a record high of £2.7 billion in 2012, up 125% from the 2011 investment in this segment, as new research by property consultants CBRE showed. While the overall number of student in the kingdom has decreased, accommodation investments have been on a steep upwards trend for the past three years.
Bahrain-Based Tadhamon Acquires Student Housing Block
Tadhamon Capital, an Islamic investment company in Bahrain, announced the acquisition of a student accommodation block in the UK. The joint acquisition with Watkin Jones gives Tadhamon 50 percent ownership of the block. The transaction totaled $41.3 million and included a net yield of 7.3pc. Tadhamon co-arranged the transaction with the real estate investment manager