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| Tara Hagerty |
CHICAGO, IL, Jan. 23, 2024 – JLL Capital Markets announced today that it has arranged the $45 million refinancing for Vue53, a 267-unit / 403-bed student housing community located at the University of Chicago in Chicago, Illinois.
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| Brian Walsh |
JLL worked on behalf of the borrower, a venture between Blue Vista and Bain Capital Real Estate, to secure the refinance loan through a fund managed by Argentic Investment Management LLC (“Argentic”).
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| Dan Kearns |
Brandon Honey, SVP Capital Markets at Blue Vista, said, “We appreciate the high-quality debt options JLL sourced for Vue53, and we’re very happy to be working with Argentic.”
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| Dave Hunter |
It offers high-quality studio, one- and two-bedroom units with floor-to-ceiling windows, granite countertops, private bathrooms, in-unit washers and dryers and stainless-steel appliances.
Renters also have access to a wide array of community amenities, including a bike storage facility, a business center, study lounges, a fitness center, a clubroom with pool tables, and sun decks.
A 24-hour doorman, on-site parking, package storage and handling, and campus shuttle pickup offer complete convenience and quick accessibility. The property also includes 27,367 square feet of ground-floor retail anchored by a Target with a Starbucks.
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| Brandon Honey |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit our newsroom.
CONTACT:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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