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- Student Housing Daily - December 4 - Kayne Anderson secures $2.5 billion in new capital
Student Housing Daily - December 4 - Kayne Anderson secures $2.5 billion in new capital
Arrow Real Estate Advisors secures $46M refi. Yugo takes over management of 6,200 beds. Landmark Properties breaks ground on 800-bed community. How customization can transform student housing. Four new student housing deals.
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NEWS ROUNDUP

FUNDRAISING: Kayne Anderson secures $2.5 billion in new capital. Kayne Anderson has raised $2.5 billion in new investment capital. While specific allocations were not disclosed, Kayne Anderson plans to deploy the new capital to expand its investment platforms, pursue strategic growth opportunities and strengthen its specialized strategies.

FINANCING: Arrow Real Estate Advisors secures $46 million refi for 494-bed property. Arrow Real Estate Advisors has arranged a $46 million refinancing for The Marshall at Rochester, a Class A student housing community serving the Rochester Institute of Technology. The loan was provided by Webster Bank on behalf of developer Aptitude Development. The deal was arranged by Arrow’s Morris Betesh, Morris Dabbah and Louis Halperin.

MANAGEMENT: Yugo takes over managment of 6,200-bed portfolio. Yugo has been appointed to manage the 6,200-bed, eight-property student housing portfolio recently acquired by Morgan Stanley Investment Management and Global Student Accommodation. CEO Mike Peter said the milestone reflects Yugo’s accelerating U.S. momentum, adding that the scaled platform will deliver stronger performance for owners and a unified student experience supported by Yugo’s “Live Your Best Life” program.

DEVELOPMENT: Landmark Properties breaks ground on 800-bed luxury community. Landmark Properties has begun construction on The Mark Tampa, a six-story luxury student housing development on University Square Drive that will deliver more than 800 beds across 215 units, ranging from studios to five-bedroom layouts. The project spans roughly 270,500 square feet and is slated to open before the 2027–2028 school year.

STUDENT HOUSING FOR SALE
Click each image for more information:
390 Beds | Built in 2022 | 98.2% Occupancy | Avg. Market Rent Per Bed: $984
706 Beds | 540 Units | Priciest Single-Asset Student-Housing Listing Since 2023 | Price: $190,000,000 | Price Per Bed: $269,000
110 Units | Fully Stabilized | 100% Occupancy | NOI: $962,004 | Avg. Rent: $1,005/Unit
0.8 Miles to Campus | Current Ownership Has Invested Approximately $2.5M ($26K/Unit) In Renovation | 98.2% Avg. Occupancy from AY ‘22-’23 to AY ‘25-’26

ONE MORE THING
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