JLLÂ Capital Markets has arranged the $45 million refinancing for Vue53, a 267-unit/403-bed student housing community at the University of Chicago in Chicago.
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.
Vue53 is located less than a 10-minute walk to the prestigious University of Chicago campus in Hyde Park. 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.
The JLL Capital Markets Debt Advisory team was led by Senior Directors Brian Walsh and Dan Kearns, Associate Tara Hagerty, and Analyst Dave Hunter.
