Fairlawn Capital Acquires Illinois Student Housing Portfolio In Champaign For $150M
Champaign, Illinois, United States
$150,000,000
Building Size
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Asset Type
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Closing
Apr 14, 2022
AI
The Illinois Student Housing Portfolio in Champaign has been sold in a transaction worth $150,000,000. The property consists of 1,100 units of student housing. The sale was completed on April 15, 2022.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $150,000,000
- Address: Illinois Student Housing Portfolio, Champaign
- Market: Champaign
- Units: 1,100
Fairlawn Capital acquired the Illinois Student Housing Portfolio from Campus Property Management, with the deal facilitated by the brokers Scott Harris and Bryan Kunze from Marcus & Millichap.
Players
Champaign CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93