COLLEGE STATION, TX—Los Angles=based Kennedy Wilson, a global real estate investment company, has closed a senior construction loan for the development of Aspire A&M, an 873-bed high-rise student housing community located in College Station, TX. Strategically positioned across the street from Texas A&M University, the project is a joint venture between The Dinerstein Companies, Up Campus Student Living, and Harrison Street.

Aspire A&M will feature a 19-story structure encompassing 11,000 square feet of ground-floor retail space, 718 garage parking spaces, and a comprehensive amenity package including two rooftop pools, fitness facilities, study rooms, a theater, and a game lounge.

"Originating the financing for Aspire A&M is an ideal opportunity for our debt platform, particularly considering the promising dynamics of the student housing market," commented Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, in a prepared release. "With its prime location, elevated amenities, and the strong existing partnership between The Dinerstein Companies, Up Campus Student Living, and Harrison Street, Aspire A&M is well-positioned to meet the increasing demand for upscale student accommodations. We're excited to deepen our partnerships and contribute to the success of this exceptional project."