Business Services Industry
Student loan
Real Estate Weekly, March 5, 2008
GE Real Estate provided a $29.84 million, on-book fixed rate loan to Jamespoint Management Company for the purchase of Reveille Ranch Apartments, a student housing complex in Bryan-College Station, TX, one mile north of Texas A & M University.
The recently built Class 'A' garden-style apartment community has 372 units (972 beds) in 21 three-story buildings on 25 acres. Texas A & M is the country's eighth largest university with 46,000 students, of whom nearly 80% live off campus.
This was the first transaction between GE and Jamespoint Management, which invests exclusively in education-related real estate.
COPYRIGHT 2008 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
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