DALLAS-CBRE Capital Markets, a leading debt and equity provider for the student housing industry, has arranged more than $64.6 million in life company financing for three separate transactions at various locations around the country.

·         The CBRE team of Steve Roth and Ben Roelke structured the financing for Inland American Communities' acquisition of the VUE on University, located just one block south of Texas Christian University in Fort Worth. Now rebranded as University House TCU, this four-story property contains 118 beds with high quality finishes and cutting-edge amenities including a rooftop lounge, H2O deck and 6,000 square feet of retail space.  

·         Recently, CBRE completed the refinance of Zaragon Place in Ann Arbor, MI. Steve Roth led the team that arranged the financing for the borrower, Zaragon Inc. Located directly across from the main campus of the University of Michigan, Zaragon Place is one of the premier, best in class student housing properties in the nation. The property boasts top of the line amenities including a state of the art work-out facility, 248 beds contained within unique unit layouts and green features for less expensive turnover costs.

·         The CBRE team of Steve Roth and Ben Roelke also arranged the financing for the acquisition of Northgate Lakes, a 710-bed student housing community adjacent to the University of Central Florida, in Orlando. CBRE worked on behalf of Campus 150 Venture LLC, a joint venture between principals of Campus Advantage and a state pension fund. The timing of the transaction was unique due to closing the acquisition with less than 30 days left for new ownership to complete pre-leasing and turnover.

“The student housing debt markets are very competitive and quite attractive right now. Throughout 2013, we have continued to see aggressive life company financing available for core, well-located student housing assets,” said Roelke, vice president with CBRE's Debt and Equity Finance Group in Dallas. “I expect this trend will continue with increased life company allocations to commercial mortgages and the growth of student housing from a niche to an understood asset type. “

CBRE Group, Inc., headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2012 revenue).  The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide.