PGIM Real Estate Provides $54.37M Financing For Yugo Tucson Campus Student Housing

The 168-unit Yugo Tucson Campus, a student-housing property located at 1011 North Tyndall Avenue in Tucson, AZ, has secured $54.37 million in financing from PGIM Real Estate. This funding was extended to the property by the lender and will support the operation and development of the student-housing complex. Situated near the University of Arizona's main campus, the Yugo Tucson Campus offers convenient accommodation options for students.

Summary of Transaction Details

• Property Type: Student Housing
• Transaction Amount: $54,370,000
• Number of Units: 168
• Market: Tucson, AZ
• Address: 1011 North Tyndall Avenue

In this deal, PGIM Real Estate has served as the lender for the Yugo Tucson Campus project. The property's landlord is Morgan Stanley Real Estate Investing & Global Student Accommodation. The financing provided by PGIM Real Estate will enable the continued operation and management of the student-housing facility, enhancing the living experience for the University of Arizona's students.