DALLAS-CBRE Capital Markets, a leading debt and equity provider for the student housing industry, has arranged more than $64.6 million in life company financing for three separate transactions at various locations around the country.

· The CBRE team of Steve Roth and Ben Roelke structured the financing for Inland American Communities' acquisition of the VUE on University, located just one block south of Texas Christian University in Fort Worth. Now rebranded as University House TCU, this four-story property contains 118 beds with high quality finishes and cutting-edge amenities including a rooftop lounge, H2O deck and 6,000 square feet of retail space.

· Recently, CBRE completed the refinance of Zaragon Place in Ann Arbor, MI. Steve Roth led the team that arranged the financing for the borrower, Zaragon Inc. Located directly across from the main campus of the University of Michigan, Zaragon Place is one of the premier, best in class student housing properties in the nation. The property boasts top of the line amenities including a state of the art work-out facility, 248 beds contained within unique unit layouts and green features for less expensive turnover costs.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.