Bringing you live news and features since 2006 

RealtyMogul.com gives individual investors access to USD37.5m student housing portfolio

RELATED TOPICS​

RealtyMogul.com has successfully funded USD1 million, through its investor base, of the USD37.5 million total capital raised to acquire a three property student housing portfolio for sponsor Student Quarters, the student housing investment arm of St Clair Holdings.

The online marketplace offered investors the opportunity to invest as co-general partners in the deal alongside student housing institutional investor, Harrison Street Real Estate Capital. Student Quarters will use the capital raised to acquire and renovate the properties in Greensboro, North Carolina, at the home of The University of North Carolina, Greensboro, and in Johnson City, Tennessee, at East Tennessee State University.
 
“We are excited to partner with Student Quarters to offer our investors the first of potentially many investments in the student housing space,” says Jilliene Helman (pictured), CEO of RealtyMogul.com. “Providing our investors the opportunity to participate in a deal of this caliber is something we are extremely proud of.”
 
“We were thrilled with RealtyMogul.com’s team and the closing of our first deal together,” says Andy Feinour, president of Student Quarters. “They acted as a true partner, and were really there for us with flexibility and speed. We look forward to working with them again in the near future.”
 
The properties have a total of 1,108 beds and are currently 95 percent leased. The sponsor will handle all aspects of the investment including purchasing the assets and driving revenues through an improved property management strategy and a comprehensive capital improvement expenditure plan. Peak Campus, the second largest privately-owned US student housing management company, will manage the portfolio investment.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by