Search
 

KAREA Adds 665 Beds To Student Housing Holdings

ST. LOUIS—Kayne Anderson Real Estate Advisors bought a four-property portfolio across the street from St. Louis University.

By Sule Aygoren | Updated on June 04, 2013

ST. LOUIS—The student housing portfolio of Kayne Anderson Real Estate Advisors just grew by another 665 beds, with the firm’s acquisition of a four-property 406-unit portfolio here. The Armonk, NY-based private equity real estate arm of Kayne Anderson Capital Advisors did not disclose the purchase price or seller’s identity. However, the St. Louis Post-Dispatch reported the sellers as local developers Amy and Amrit Gill, who shed the assets for $68.5 million.

The package consists of three adjacent student housing communities and a 746-space parking garage.  They are located across the street from the main gate of St. Louis University, within short walking distance of academic buildings, dorms and the Busch Student Center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.