Corvias Campus Living $548 million secured financing

20/5/2015
Real estate finance

$ 548 million

Completed

20/5/2015


Overview:

  • Corvias Campus Living obtained $548 million secured financing from a group of institutional investors. 
  • The package included $300 million to defease existing debt, $6.3 million financing for capital repairs and renovations and $165 million to construct new facilities. 
  • Goldman Sachs placed the securities offer.
  • This was part of a P3 at the University System of Georgia (USG).
  • Corvias Campus Living will develop 3,753 new beds and 6,195 existing beds. 

Rani Mehta - Journalist 

 

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