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Washington DC  + Baltimore  + Student Housing  | 
Nine East 33rd student housing in Baltimore, MD

Berkadia Arranges $62M Loan for 568-Bed Student Housing near Johns Hopkins

Berkadia has secured a $62-million stretch senior loan for the acquisition a 157-unit/568-bed student housing property located near Johns Hopkins University in Baltimore, MD.

Aaron Moll of Berkadia Student Housing and Cody Kirkpatrick, Noam Franklin, Chinmay Bhatt and Matthew Tu of Berkadia Joint Venture Equity & Structured Capital arranged the loan from PIMCO on behalf of HH Fund, a vertically integrated off-campus student housing owner/operator based out of Silver Spring, MD. The acquisition of Nine East 33rd represents HH Fund’s fourth community in Baltimore.

Nine East 33rd was constructed in 2016 and offers specific rental terms, all-inclusive utilities and amenities such as private study rooms and a clubhouse. The property includes 30,000 square feet of ground level retail spaces by fully leased by restaurants, coffee shops and anchor tenants such as CVS and Chase Bank.

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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 he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing