COLLEGE STATION--VistaPointe Partners, a Dallas-based advisory firm that specializes in arranging private and institutional capital for commercial property investors and developers, has closed a $29.6-million construction loan for a student housing development in College Station.
The community is called Holleman Village. VistaPointe Partners secured the financing on behalf of the project's developer, Holleman-College Station LP.
"Holleman Village will play a critical role in meeting the demand for housing as enrollment at Texas A&M continues to rise," Karla Peterson, vice president of business development at VistaPointe Partners, told GlobeSt.com.
Located at the southwest corner of Harvey Mitchell South/State Highway 2818 and Holleman Drive, the 432-unit development is 1.9 miles from the university campus and will include 792 beds. Construction has already commenced and the project is slated to open in August 2016.
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