HFF announces $26.65 million refinancing of 245-bed student housing portfolio near University of Southern California

19-Property Student Housing Portfolio near University of South California campus

Greg Brown

 NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $26.65 million refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles.

The HFF team worked as an exclusive advisor to the borrower, Mosaic Investment Partners, LLC, a fully integrated student housing operator based in Los Angeles, to secure the five-year, fixed-rate loan through a national bank. 

The portfolio is located less than a half of a mile north and west of USC’s campus within walking distance to all of the university’s educational centers and recreational facilities. 

 Additionally, the properties are located close to USC Village, which boasts a Trader Joe’s grocery store, Target and several fast-casual restaurants, in addition to academic space. 

The 19 properties total 81,374 square feet and are fully leased to undergraduate and graduate students. 

AJ Manas

The HFF debt placement team representing the borrower consisted of senior director Greg Brown and associate AJ Manas.

“We’re very grateful for HFF’s exceptional advice, guidance and overall results during this process,” George Alva of Mosaic commented.  “Thanks to their efforts we now have a lender who understands our property portfolio, and as a result, structured our debt facility to truly address our current needs and future growth plans.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Mosaic Student Communities is a licensed and fully-insured property management company and California corporation, that manages over 60 properties and 725 student residents for Mosaic Investment Partners as well as for third-party clients. 

George Alva

 Mosaic Student Communities has a best-in-market leasing department and is considered a leading provider of off-campus student housing at USC.

Mosaic Investment Partners is the entity that executes, directs and manages the property acquisitions, debt and equity financings, and renovation and construction activity.

Learn more at www.livewithmosaic.com.

CONTACTS:

GREG BROWN

CA Lic. #01335204

HFF Senior Director

(949) 253-8800

gbrown@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com