Student Housing

FIU reports that South Florida's first university-affiliated conference center and hotel is expected to open by the fall of 2021.

Albert Picallo and Masato Inagaki, who co-founded Focal Point Capital Advisors in 2011, will join the new CBRE Loan Services entity as managing director and head of underwriting and director, underwriting respectively.

Located adjacent to the University of Texas campus in the center of the West Campus, the 18-story 674 bed class-A building was sold to Nelson Partners Student Housing at an undisclosed acquisition price.

The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets,

Trinity Property Consultants has taken immediate action to reposition Dobie Twenty21 with updates including modernizing each studio and suite, the dining hall and cooling system, based on resident feedback.

“With the completion of the TPG Real Estate Partners III fundraise, we are well-capitalized to execute our distinctive investment strategy and continue building a differentiated investment portfolio,” says Kelvin Davis, founder and co-head of TPG Real Estate.

The transaction was structured with a seven-year term, with 30 months of interest-only (during construction) followed by a 30-year amortization schedule.

Nelson Partners acquired Skyloft, a class-A student housing property for $100 million; a property located one block from the University of Texas and already 77% preleased for the 2019-2020 academic year.