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Texas  + Austin  + Student Housing  | 
PGIM funds 3 UT student housing projects

Three Austin Student Housing Projects Financed by PGIM

PGIM Real Estate has provided $108.5 million in fixed-rate financing on behalf of its core investment strategy to a fund managed by Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) for five student housing properties, three in Texas. PGIM Real Estate is a $204.4 billion real estate investment and financing business of PGIM

The five student housing assets total 548 units with 1,619 bedspaces supporting the University of Texas at Austin, Northern Arizona University, and College of Charleston. The assets were acquired in September 2022, have been rebranded and are now managed by Yugo, GSA’s global operating partner. 

The University of Texas at Austin features three midrise assets that total 175 units and 613 beds built between 2016 and 2019. These assets include Yugo Austin Corner, Yugo Austin Rio, and Yugo Austin Nueces. 

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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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