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Student Housing

$100 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $100 million ground-up class “A” student housing development project at University of Wisconsin - Madison. “Some of the professionals from our investor went to Wisconsin’s real estate school, so they all understood the unique location of this adjacent to campus site. This is a 539-bed community right across the street from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$122 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $122 million ground-up class “A” student housing development project at Purdue University – West Lafayette. “Purdue is an extraordinarily tight market right now; every investor was interested in this opportunity. This is a 751-bed, 7-story mixed-use community located just two blocks from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$73 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $73 million ground-up class “A” student housing development project. “Boise is just smoking hot right now, we had multiple equity and debt term sheets for this 175 unit/547-bed project at Boise State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

$68 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $68 million ground-up class “A” student housing development project. “As opposed to how difficult it was last year, we had multiple equity and debt term sheets for this 153 unit/390-bed project at The Ohio State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

Co-GP Capital Raise Student Housing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") announces that its client, a national developer of student and multifamily housing, has closed a Co-General Partner programmatic partnership. “The partnership not only provides a significant amount of co-GP investment capital, but additional capital for pre-dev and balance sheet support. This is not easy capital to arrange, but we had multiple parties submit competitive term sheets,” said Greg Longoria. “There are some bells and whistles related to the structure, that will enable our client to take its company to the next level.”

$90 Million Student Housing Acquisitions

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained by an acquiror of institutional student housing assets as the exclusive financial advisor to identify an institutional equity partner. “Our client has two assets under contract totaling $90 million.  Both are operational physical turnarounds; exactly what the market is looking for today.  A nice balance of risk and return,” said Greg Longoria of FIDES.

$172 Million Student Housing Closing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as capital markets advisor to a developer on the closing of two class “A” student housing development projects totaling $172,000,000. “To get these deals done during COVID was a miracle” said Greg Longoria of FIDES. “One was a 687-bed project at the University of Oregon, the other a 745-bed project at Indiana University. The tenacity required by both the client and FIDES is what got the job done.”

$600 Million Development Pipeline - Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in identifying one or more equity partners for a $600 million pipeline of Class-A purpose-built student housing properties at flagship public universities across the United States.

3Q 2018 Updates

FIDES Capital Partners, LLC (“FIDES”) announces that is engaged and currently working on the following representative transactions:

  • $70MM equity and debt financing on a mixed-use redevelopment project.

  • $50MM equity and debt recapitalization on a CBD student housing asset.

  • $40MM preferred equity investment on $120MM student housing acquisition.

  • $7MM construction financing on the second phase of a student housing development.

  • $5MM equity investment on a value-add student housing acquisition.

  • Undisclosed buy-side M&A engagement within the multifamily mortgage finance industry.

$12.5 Million Preferred Equity Financing

FIDES Capital Partners, LLC (“FIDES”) announces that it has arranged a $12,500,000 preferred equity investment to acquire a Class A 417-bed purpose-built student housing asset at the University of Western Washington in Bellingham, WA.

1Q 2018 Activity Reveals Market Activity and Cautiousness

FIDES Capital Partners, LLC ("FIDES") had a robust first quarter across its advisory platform.  "The range of our engagements demonstrates that the market is still very active, but it also reflects its cautiousness" said Greg Longoria.  "What you're seeing are transaction types and asset classes that express the maturity in the real estate cycle.  Both sponsors and investors are taking a more defensive and selective approach to doing deals."

Student Housing Recap

FIDES Capital Partners, LLC ("FIDES") announces that it has completed over $1.1 billion in student housing transactions, and is one of the most active advisors to the student housing industry.  “It’s been very exciting to be involved with this industry as it’s institutionalized over the last 5 years,” said Greg Longoria of FIDES.  (Click here for overview)

$38 Million Bridge Financing

FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior bridge financing for the recapitalization of a $50 million, Class A, 472-bed student housing community at the University of Illinois at Urbana-Champaign.  

$51 Million Debt Financing

FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior debt financing for the recapitalization of a $80 million, Class A, 526-bed student housing community at the University of Illinois at Urbana-Champaign. 

$45.0 Million Closed Debt Financing

FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior debt financing for the recapitalization of a $70 million, Class A, 573-bed student housing project at the University of Nebraska.

$226.0 Million Closing in Student Housing

FIDES Capital Partners, LLC ("FIDES") announces that is has served as the exclusive financial advisor in securing the institutional joint venture equity partner that invested in a $226 million portfolio of three Class A student housing properties totaling 1,500 beds.

$125 Million Entity Investment

FIDES Capital Partners, LLC (“FIDES”) announces that it has served as the exclusive financial advisor in securing and closing a $125 million equity commitment to provide growth capital to one of the top developers of Class A purpose built student housing.  

$198.5 Million Recap Closing

FIDES Capital Partners, LLC ("FIDES") announces that is has served as the exclusive financial advisor in securing the institutional joint venture equity partner and senior debt financing for the acquisition of a $198.5 million portfolio of five Class A student housing properties.  

$60.0 Million Debt Closing

FIDES Capital Partners, LLC ("FIDES") announces that it has served as the financial advisor in assisting a client evaluate various debt financing options for the recapitalization of a $75 million student housing project in downtown Chicago.