Investor Team Obtains $77M for UNC Charlotte Student Housing Property

SR Real Estate Partners and Circle Squared Alternative Investments procured $77 million for the refinancing of Junction 49, a new 754-bed student housing community located at 7600 University City Blvd. in Charlotte. The loan was provided by Macquarie Capital Principal Finance. 

The borrowers were represented by the Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Zach Kraft, Dale Braverman and Travis Prince. 

Junction 49 is a 370,883-square-foot property with 12,396 square feet of amenity space. The amenities include private and group study rooms on each floor, an oversized lounge area, a game room, a grab-and-go market, a 24-hour fitness center, a resort-style pool, a hot tub, poolside cabanas, outdoor grilling stations and two courtyards. The property is adjacent to the LINX Blue Line light rail, which offers convenient access to both the UNC Charlotte campus and Downtown Charlotte.