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Kennedy Wilson Closes $184M of Student Housing Construction Loans
Kennedy Wilson has closed senior construction loans for the development of three student housing projects totaling $184 million at the University of Wisconsin – Madison, University of North Texas and University of California, Berkeley.
These recent deals, completed through Kennedy Wilson’s debt investment platform, expand the student housing loan portfolio to $850 million to develop approximately 8,800 beds. An additional $1 billion of new student housing loans totaling 8,200 beds are being evaluated.
“We are seeing student housing continue to outperform many other asset classes due to strong operating fundamentals and the scarcity of new development in high-barrier markets adjacent to educational institutions that are continuing to grow enrollment,” said Thomas Whitesell, head of the debt investment group at Kennedy Wilson. “We are pleased to build on our long track record of student housing loan originations to become one of the most active student housing lenders in the country.”
- ◦Financing
