Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + South Florida  + Student Housing  | 
Student housing development near Florida International University in Miami, FL

Adam America, JW Capital Secure $147M Loan to Build Student Housing near FIU

Adam America Real Estate and JW Capital Management have closed on a $147-million construction loan for a student housing development located near Florida International University in Sweetwater.

Adam America, JW Capital Management and their equity partner ARBS Real Estate USA Holdings secured the construction loan from a US-based life insurance company and MSD Partners, L.P. Meridian Capital Group arranged the financing on behalf of the sponsor.

 The 22-story development will consist of 932 student housing units with a total of 1,201 beds and 647 parking spaces along with 15,442 square feet of street retail. The unit mix will offer private studios in addition to traditional one-, two – or four-bedroom units.

“The COVID-19 pandemic has emphasized the value of in-person learning and the need for a residential college experience,” said Samuel Jesselson, managing partner of JW Capital Management. “We continue to be bullish on the student housing sector.”

Photo: V1

Connect

Inside The Story

JW Capital Management’s Jesselson

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
New call-to-action