JLL Arranges $45M Refinancing For Vue53 Student Housing At University Of Chicago

Vue53, a 267-unit student housing community, located at 1330 East 53rd Street in the Chicago market, has recently undergone a $45 million refinancing deal. The property, owned by Robert G. Byron of Blue Vista and Dan Cummings of Bain Capital Real Estate, offers prime location, numerous amenities, and ground-floor retail, including a Target with a Starbucks. The loan for this transaction was secured through JLL Capital Markets and arranged by Doug Tiesi of Argentic Real Estate Investment.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $45,000,000
• Units: 267
• Beds: 403
• Lender: Doug Tiesi - Argentic Real Estate Investment
• Landlord: Robert G. Byron - Blue Vista; Dan Cummings - Bain Capital Real Estate
• Brokers: Brian Walsh, Dan Kearns, Dave Hunter, & Tara Hagerty - JLL

The deal involved various key individuals and companies. Brian Walsh, Dan Kearns, Dave Hunter, and Tara Hagerty of JLL acted as brokers. The refinancing was obtained to support the property's exceptional location, amenities, and the presence of popular retailers such as Target and Starbucks on the ground floor.