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GREENVILLE, NC—Realco Partners raised $11.6 million to acquire its latest student housing asset. The New York City-based REIT snapped up University Suites, a garden-style student housing property with 171 units and 503 beds in Greenville.
Centerline Capital Group financed the student housing buy. GRC Capital president Nick Gonzalez brought the deal to Centerline’s Mortgage Banking Group, which is a Fannie Mae DUS lender. Neither GRC nor Centerline responded to requests for comment before publishing time.
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