JLL Secures $17M in JV Equity for University of Arkansas Student Housing Community

JLL Secures $17M in JV Equity for University of Arkansas Pupil Real Estate Community

Order Reprints … January 1, 2021 JLL has set up $16.9 million in joint endeavor equity for Ozark Villas, a 670-bed student real estate neighborhood offering the College of Arkansas in Fayetteville.

Found at 870 S. Beechwood Ave., the property is right away southwest of the University of Arkansas school, which serves greater than 27,000 pupils and also is the largest college in Arkansas. Finished in 2015, Ozark Villas contains 213 systems providing one-, 2- and also four-bedroom floorplans. Services include a resort-style pool with exterior cooking area, neighborhood environment-friendly space with firepit, sand volleyball court, lighted basketball court, modern clubhouse, 24-hour gym as well as collaborative and also exclusive research study areas.

Jeremy Sain, Teddy Leatherman, Scott Clifton and Stewart Hayes of JLL protected the equity in behalf of Fountain Residential Partners through a partnership in between CrowdStreet, Inc. and a family members office. Earnings were made use of to get the residential or commercial property as well as fund a total restoration, upgrade and also rebranding of the property to Ozark Villas, previously called Beechwood Town.

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