Finance N Illinois

CBRE, RBC Capital Markets complete sale of University Center Chicago

  

The Chicago and Dallas offices of CBRE, in partnership with RBC Capital Markets, recently represented Educational Advancement Fund in the sale of University Center Chicago, a 1,732-bed student housing complex at 525 S. State St. Chicago, for $201 million to a joint venture between real estate investment firms AXA Investment Managers - Real Assets and Blue Vista Capital management.

CBRE in partnership with RBC Capital represented Educational Advancement Fund in the sale of University Center Chicago.

The 1,732-bed student housing complex at 525 S. State St. sold for $201 million to a joint venture between AXA Investment Managers - Real Assets and Blue Vista Capital Management.

Chicago’s John Jaeger, Dan Cohen and MJ Zaring of CBRE represented EAF in the transaction in partnership with CBRE’s National Student Housing Team headed by Jaclyn Fitts and William Vonderfecht. CBRE partnered with Kevin Hoenicker and Chris Good of the municipal finance team at RBC Capital Markets as well as RBC’s banking team.