GMH and CRG have successfully secured a $78.5 million refinancing for The Dean Reno, a student housing community located near the University of Nevada, Reno. This achievement was made possible through the efforts of Northmarq’s National Student Housing team, led by Justin Glasgow and supported by members of their Debt + Equity platform. The loan was provided by Heitman, a global real estate investment management firm based in Chicago.
The luxury property, built in 2023, offers 773 fully furnished apartments with modern amenities such as a cyber lounge, fitness center with on-demand classes and yoga studio. Residents can also enjoy scenic mountain views while using grilling stations or relaxing at the pool and hot tub area on one of two fourth-floor courtyards. Other features include lounge areas for socializing or studying outdoors as well as an outdoor workout space equipped with an outdoor firepit and entertainment area. For students looking to create content online or record podcasts/videos for YouTube channels there is even dedicated spaces available such as podcasting/YouTube room.The property also boasts dedicated study spaces to help students focus on their academics along with access to a 24-hour fitness center.
In exciting news from Connect CRE , GMH Real Estate (GMH)and CRG Companies (CRG) have successfully obtained $78.5 million in refinancing for The Dean Reno -a premier student housing community situated adjacent to the University of Nevada,Reno.
This accomplishment was made possible thanks to Northmarq’s National Student Housing team which is headed by Justin Glasgow,and supportedby other experts from its Debt + Equity platform.The financing has been providedby Heitman,a renowned global real estate investment management firm headquarteredin Chicago.
Built-in 2023,this luxurious property offers top-notch amenities including fully furnished apartments,cyber lounges,a state-of-the-art fitness center featuring virtual exercise classes anda yoga studio.Students can revelin breathtaking mountain views while using the property’s grilling stations or taking a dip in the pool and hot tub located on two fourth-floor courtyards.Other amenities include inviting lounge areas,an outdoor workout space with a firepit and entertainment area,a dedicated podcasting/YouTube room,and designated study spaces for students to focus on their academics.Additionally,the property also offers access to a 24-hour fitness center.
