Global Student Accommodation Lands $500M Refi on U.S. Portfolio

Global Student Accommodation Lands $500M Refi on U.S. Portfolio
News| May 27, 2025| Paul Bubny
Student Housing

London-based Global Student Accommodation (GSA) closed on a $500-million senior loan facility with Wells Fargo Bank. GSA said the refinancing transaction strengthens its existing relationship with Wells Fargo and signals the continued demand among lenders for the U.S. student housing sector.

The facility covers 23 assets in key university cities across 14 states. GSA entered the U.S. market in late 2020 and has grown its portfolio here to 43 properties across 32 cities.

“Over the past year, GSA has closed over $1 billion of financing facilities globally, enabling us to optimize our capital structure and recycle capital into value-add initiatives across our portfolio,” said John Jacobs, global head of capital markets at GSA. “This latest refinancing will facilitate both expansion within the U.S. market and an ongoing program of refurbishments. This includes initiatives to improve the energy efficiency of the portfolio and further support for students’ well-being.”

Pictured: Yugo Columbia Lofts in Columbia, SC.

Other News

Jonathan Rose Announces Revamp of Ohio Seniors Housing

Chicago & Midwest

Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...

Learn more

Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M

New York & Tri-State + Apartment Buildings

Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...

Learn more

EYA Advances Two Residential Developments in Fairfax County

Washington DC + Apartment Buildings

EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up