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Seattle & Northwest  + Washington  + Student Housing  | 

Pair of Student Housing Properties Sold for More Than $146M

Two West Coast student housing properties traded hands for a combined total of more than $146 million. The assets included AVA University District at University of Washington in Seattle, and Fullerton University Village at California State University (pictured) in Fullerton, CA.

CBRE Capital Markets’ Scott Peterson and Bill Chiles arranged a $29-million loan on behalf of Orange County-based Crown Acquisitions, Inc., for the purchase of Fullerton University Village, at 2000-2030 Oxford Ave.

Austin, TX-based American Campus Communities acquired AVA University, at 4535 12th Ave., for reportedly more than $112 million.

Berkadia’s Kevin Larimer, Greg Gonzalez, Kenny Dudunakis, David Sorensen and Ben Johnson handled the sale of the Seattle property, on behalf of Arlington, VA-based Avalon Bay Communities Inc. Berkadia’s Shane Shafer also joined that team on the Fullerton property deal on behalf of the seller, an unnamed local TIC group.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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