### GMH and CRG Secure $78.5M Refinancing for Reno Student Housing
GMH and CRG have successfully secured a $78.5 million refinancing for The Dean Reno, a student housing community located adjacent to the University of Nevada, Reno.
Northmarq’s National Student Housing team, led by Justin Glasgow, collaborated with the firm’s Debt + Equity platform to arrange the loan. The financing was provided by Heitman, a global real estate investment management firm based in Chicago.
The Dean Reno, built in 2023, is a 773-bed luxury student housing property offering fully furnished and equipped apartments. The community features a range of amenities, including a cyber lounge, a fitness center with fitness on-demand and a yoga studio, as well as scenic mountain views. Additional amenities include a pool and hot tub, two fourth-floor courtyards, lounge areas, an outdoor workout space, an outdoor firepit and entertainment area, a podcasting and YouTube room, dedicated study spaces, and a 24-hour fitness center.
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