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Capstone Secures Financing for SDSU Student Housing Development

Capstone Development Partners closed on a traditional debt and equity financing for VIVA 5750, a new on-campus student housing community at San Diego State University. The project will have a total development cost of roughly $23.5 million.

The four-story, 80,000-square-foot community will house roughly 182 students in a mixture of apartment-style units, and will include a variety of indoor and outdoor amenities. Construction of the project commenced last month, and it’s scheduled to open for the fall 2021 semester.

The property is located on land ground-leased to Capstone by the SDSU Research Foundation, and will serve as a cornerstone to the University’s southern gateway entrance at Montezuma Road and Campanile Drive.

Capstone, along with its architect JWDA Architects and builder Cannon Constructors, Inc, collaborated with the Foundation’s project stakeholders on the planning, programming and design of the new apartment community to ensure it meets the University’s goals and objectives relative to upper-division and graduate-student housing options.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.