The Prime Company Secures $111 Million Loan For 1,778-Bed Student Housing Portfolio Across Four States

The transaction involves a student housing portfolio comprised of five properties with a total of 998 units and 1,778 beds. The properties are located in Stillwater, OK; Lincoln, NE; Minneapolis, MN; and Columbus, OH, emphasizing their strategic placement near key universities such as Oklahoma State, Nebraska, Minnesota, and Ohio State universities. This sizable asset has a total loan amount of $111 million, secured with fixed-rate financing from Apollo affiliates. Summary of transaction details: Property Type: Student Housing Transaction Amount: $111,000,000 Units: 998 Beds: 1,778 Landlord: Bryan Elsey, Chris Elsey & Zane Sweet - The Prime Company Date: 03/14/2025 The deal marks The Prime Company's largest financing to date, highlighting their commitment to expanding their footprint in the student housing market across multiple states. The key individuals involved in this transaction include Bryan Elsey, Chris Elsey, and Zane Sweet, representing The Prime Company as they navigate this significant financing arrangement.