Affinius Capital LLC, formerly Square Mile Capital Management and USAA Real Estate, has originated two loans totaling $162 million to refinance two student housing properties, the Accolade and Union on Broadway.

The Accolade is a 226-unit, 597-bed student housing property located at the University of Washington in Seattle, Washington. Union on Broadway is a 357-unit, 582-bed student housing property located at the University of Oregon in Eugene, Oregon. The loan was made to a joint venture between Greystar, the fourth largest owner and operator of student housing properties in the United States, and Tikehau Star Infra, a subsidiary of Tikehau Capital, a global alternative asset manager group.

“Higher education has historically fared well during times of economic uncertainty, and the purpose-built student housing sector continues to demonstrate remarkable resilience in today’s market,” said Affinius Capital Principal Harris Neuberg.