CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged an institutional core joint venture for the acquisition of a $37 million, 301-bed student housing project at the University of Texas - Austin. FIDES served as the financial advisor in arranging the equity from a $6 billion property fund, and FIDES also arranged the senior debt financing for the acquisition. "This was one of those rarer instances in student housing today where our client was able to make an opportunistic purchase of a Class A asset in a top-tier market, while also having the ability to create value through the implementation of an operational and physical rehab plan." said Greg Longoria of FIDES.