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Phoenix & Southwest  + Southwest  + Student Housing  |  February 19, 2025
The Dean Reno
Mike Boyd
By: Mike Boyd

Reno Student Housing Investors Procure $78.5M Refi

GMH and CRG obtained a $78.5 million refinancing on The Dean Reno, a student housing community adjacent to the University of Nevada, Reno.

Northmarq’s National Student Housing team, led by Justin Glasgow, alongside members of the firm’s Debt + Equity platform, successfully arranged the loan. The lender is Heitman, a global real estate investment management firm based in Chicago.

Built in 2023, the 773-bed luxury property offers fully furnished and equipped apartments, a cyber lounge, a fitness center with fitness on-demand and a yoga studio, scenic mountain views, grilling stations and more. Amenities include a pool and hot tub, two fourth-floor courtyards, lounge areas, an outdoor workout space, an outdoor firepit and entertainment area, a podcasting/YouTube room, dedicated study spaces and a 24-hour fitness center.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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