COLLEGE STATION, TX—Los Angles=based Kennedy Wilson, a global real estate investment company, has closed a senior construction loan for the development of Aspire A&M, an 873-bed high-rise student housing community located in College Station, TX. Strategically positioned across the street from Texas A&M University, the project is a joint venture between The Dinerstein Companies, Up Campus Student Living, and Harrison Street.

Aspire A&M will feature a 19-story structure encompassing 11,000 square feet of ground-floor retail space, 718 garage parking spaces, and a comprehensive amenity package including two rooftop pools, fitness facilities, study rooms, a theater, and a game lounge.

"Originating the financing for Aspire A&M is an ideal opportunity for our debt platform, particularly considering the promising dynamics of the student housing market," commented Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, in a prepared release. "With its prime location, elevated amenities, and the strong existing partnership between The Dinerstein Companies, Up Campus Student Living, and Harrison Street, Aspire A&M is well-positioned to meet the increasing demand for upscale student accommodations. We're excited to deepen our partnerships and contribute to the success of this exceptional project."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.