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| Patricia Heminger |
CHICAGO,
IL – JLL Capital Markets
has arranged financing for K14 Campus Flats, a student housing property
across the street from the University of Oregon in Eugene, Oregon.
Financing details were not disclosed.
Working on behalf of the borrower, Waterway Family
Funds, JLL placed the 10-year acquisition financing with Freddie Mac. The
loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.
K14 Campus Flats is located at 1414 Kincaid St. just a
five-minute walk to the student recreation center and campus core as well as a
two-minute walk to East 13th Ave.,
the main retail hub for bars and nightlife serving students in the area.
 |
| Rebecca Brielmaier |
University of Oregon is a premier Power 5 school
currently in the PAC-12 and has an enrollment of over 23,000 students. During the 2022 – 2023
academic year, the University of Oregon experienced its largest freshman class
enrolment, 31% higher than their average freshman class size over the past 10
years.
 |
| Dan Kearns |
Completed in 2015, the Class A student housing
community offers 45 units that are fully leased in two-, three- or four-bedroom
layouts. K14 Campus Flats also offers a full amenity suite, which includes
on-site bicycle storage, community courtyard, grilling station and tenant
lounge.
The JLL Capital Markets Debt Advisory team
representing the borrower was led by Senior Directors Patricia Heminger,
Dan Kearns and Stephen VanLeer, Associate Rebecca Brielmaier,
Senior Analyst Sam Tarter and Analyst Merrick Evans.
“JLL is thankful to have had the opportunity to help
establish a great new relationship between Freddie Mac and Waterway Family
Funds,” commented Kearns. “As Waterway scales its multi-housing and student
housing portfolio, this relationship will be incredibly valuable.”
 |
| Stephen VanLeer, |
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, please
visit JLL’s newsroom.
 |
| Sam Tarter |
About Waterway Family Funds
Waterway Family Funds sources and acquires quality
commercial real estate across diverse asset classes and geographic locations.
The company targets assets that
(1) preserve capital, (2) maximize distributable yields, and (3) generate
superior all-in returns.
The principals of Waterway Family Funds have acquired
more than $16 billion of real estate assets located throughout the U.S.,
consistently generating strong returns on such investments.
Additionally, the principals have financed and structured over $12
billion of real estate across all segments of the capital stack.
Contact:
Kristen Murphy,
JLL Director, Public Relations
Phone: +1
617 543 4873
Email: Kristen.Murphy@jll.com
jll.com.
