$100MM+ Student Housing Development|Chapel Hill, NC

Structured a ground lease and appointed a developer for a 12.3-acre, 350,000-square-foot, 850-bed, purpose-built student housing complex located 0.3 miles north of the University of North Carolina campus.

Challenges

Client was working quickly to coincide the closing with obtaining final permit and approvals from the local municipality. The incumbent leasehold developer was required to ground lease the property subject to in-place approved plans and specs. The mechanics and leasehold nature of the project added complexity to the capitalization of the development.

 

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057