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Newmark Arranges Sale of 209-Unit WashU Housing Asset
Newmark completed the sale of Everly on the Loop, a 209-unit, 428-bed student housing asset serving Washington University in St. Louis, Missouri.
Newmark Vice Chairman and Head of Newmark’s Student Housing group Ryan Lang, Managing Director Jack Brett, and Director Ben Harkrider, in cooperation with Vice Chairman Mac Crowther, represented the sellers, GMH and AGC, in the transaction. The buyer was R5.
“It’s clear that there is great reason to have confidence in the student sector as demonstrated by the sheer volume our team has transacted in just the last few weeks, closing more than $400 million,” said Ryan Lang.
Built in 2017, Everly on the Loop is a high-rise student housing community with studio, 1-, 2- and 3-bedroom apartments. Located at 6105 Delmar Boulevard, Everly on the Loop is situated in the pedestrian-friendly West End neighborhood of St. Louis, just 0.49 miles from the Washington University campus and 3.7 miles from St. Louis University.
