Highland Realty Capital secured joint venture equity and bridge financing totaling $33.1 million for acquisition of the property, according to
an Aug. 2 report from Student Housing Business.
An undisclosed debt fund reportedly provided the $26 million senior financing, and Chicago-based Blue Vista Capital Management provided joint venture equity.
According to an Aug. 10 press release from
Dickson Commercial Group, the total price tag was $35.5 million. Trevor Richardson, multifamily specialist from DCG, represented the seller — Wolf Run LLC — based out of Anchorage, Alaska, who was the original developer and builder.
