Halstatt Announces the Sale of The Henry [Yahoo! Finance]
KAJIMA CORP UNSP/ADR (KAJMY)
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Source: Yahoo! Finance
NAPLES, Fla., June 25, 2024 BUSINESS WIRE )--Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of The Henry, a purpose-built student housing tower in Tampa, Fla. The asset was sold to a subsidiary of Strategic Facility Partners ("SFP"), a 501(c)(3) organization, and the purchase was funded through the offering of tax-exempt and taxable bonds that were more than 10 times oversubscribed. Halstatt Real Estate Partners collaborated with Development Ventures Group and intowngroup to build the 23-story tower which includes 188-units for a total of 537 beds, a dedicated parking deck, and premium amenities. The tower opened for students in the Fall of 2021 and was quickly leased. "We are thrilled with the successful sale of The Henry, which has set a new standard for student housing in Tampa," said Bobby Sullivan , managing director, Halstatt Real Estate Partners. "Our collaboration with Development Ventures Group and intowngroup allowed us to creat
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