Starwood Capital backs Scape’s student digs tower

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Starwood Capital Group and Round Hill Capital have acquired a portfolio of six student housing assets in the U.K. The price of the acquisition was about 120 million pounds. Savills advised both.

News reports said a proposed class of shareholders suing Corinthian Colleges Inc. have reached a $2.25 million deal in California federal court to settle claims that the operator of for-profit.

Especially for longtime Manhattanites who remember the isle from back. apartment tower that now includes 767 units, according to data from Trepp. Most recently the owners of the building, a Belgian.

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Starwood Capital Group has agreed its first debt transaction in Australia, providing a A$220m (123.5m) facility to fund the construction of the world’s tallest student accommodation tower. Starwood and purpose-built student accommodation provider Scape have partnered to fund the Scape Franklin project which is due for completion in early 2021.

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British student housing market is booming as investors hunt for yield. Starwood together with Round Hill Capital, a U.K. real-estate investment and management firm, said Thursday they bought six student housing assets and one development for around 120 million ($145.6 million).

Last month it secured a $220 million construction loan from US funds giant Starwood Capital to back a student accommodation project on Melbourne’s Franklin Street, billed as the tallest such tower.

The group has hotel investments in excess of $3bn (£1.5bn) under management and current projects include The Trump International Hotel and Tower under development. India’s ITC Hotels and Starwood.

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Starwood Capital backs Scape’s student digs tower thereunder, for Starwood Capital Group Management, LLC Ladies and Gentlemen: Please find enclosed an amended and restated application for an order under Section 206A of the Investment Advisers Act of 1940, as amended (the "Act"), and Rule 206(4)-S(e) thereunder, granting an exemption to.

Starwood Capital Snaps Up Chicago Trophy Tower. While the purchase price was not disclosed, ING Capital LLC led a 7.6 million financing package for the acquisition of the 827,538-square-foot building at the corner of Dearborn and Madison streets. ING, as administrative agent, fully underwrote and closed a $235.1 million senior loan.