CHICAGO, IL – January 23, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $72 million in acquisition financing for a four-property, 860-unit/2,282-bed student housing portfolio located in Washington, Texas, Tennessee and Georgia.

The HFF team worked exclusively on behalf of the borrower, a joint venture between Campus Realty Advisors and T2 Capital Management, to place the floating-rate loan with Hunt Mortgage Group.  Loan proceeds were used to fund the acquisition as well as future improvements to the properties.

The assets in the portfolio are: The Verge Ellensburg, a 192-unit/504-bed property located at 2420 Airport Road serving Central Washington University in Ellensburg, Washington; The Verge Nacogdoches, a 260-unit/682-bed property located at 1602 Cardinal Street serving Stephen F. Austin University in Nacogdoches, Texas; The Verge Clarksville, a 208-unit/560-bed property located at 1523 Nolen Road serving Austin Peay State University in Clarksville, Tennessee; and The Grove Statesboro, a 200-unit/536-bed property located at 1150 Brampton Avenue serving Georgia Southern University in Statesboro, Georgia.  The portfolio features luxury finishes, fully furnished units and extensive property amenities, including sand volleyball and basketball courts, resort-style pools, clubhouses and tanning beds.

The HFF debt placement team representing the borrower included managing directors Christopher Carroll and Stephen Skok.