Partners with JL Hunter's Steven Vornea to Provide Capital for Three New Deals in Past Two Years
NEW YORK, Feb. 23, 2016 /PRNewswire/ -- Campus Evolution Villages (CEV) confirms today that they have refinanced their 924-bed student housing property in Morgantown, West Virginia. "This transaction is a clear indication of CEV's commitment to provide best in class living experience for their student housing tenant base. By continuously investing capital into their assets, CEV further differentiates themselves from competitors in the market," states JL Hunter's founder, Steven Vornea.
Campus Evolution Villages Morgantown is a 924-bed, 280-unit, amenity rich off-campus student housing community minutes away from West Virginia University's (WVU) Downtown, Evansdale and Health Sciences campuses. The fully fitted and furnished modern apartments provide WVU's students a convenient, comfortable living-learning experience with amenities with private bedrooms and bathrooms for each student. Campus Evolution Villages' common amenities include a newly renovated clubhouse with 24-hour fitness center, resort-style pool with hot tub, volleyball court, sun deck, basketball court, 24-hour computer lounge, tanning beds, abundant social activities and resident life programs. Campus Evolution Villages provides free shuttle bus service to all three nearby campuses as well as access to shopping and nightlife; each is outfitted with GPS tracking, so residents can track exactly where they are located.
Campus Evolution Villages owns and manages a diverse portfolio of student housing assets across the U.S. CEV's CEO Andrew Stark turned to real estate investor, Steven Vornea to structure capital solutions for CEV's rapid expansion nationwide. Over the past two years, Stark has been working with Vornea to assist the tremendous growth of CEV's student housing portfolio and investment/lending operations. Recently, Vornea worked with CEV to structure the acquisition of 1,100-plus bed property serving The University of Alabama and Shelton State as well as the acquisition and financing of its campus-adjacent 535-bed acquisition at University of North Carolina Wilmington in Wilmington, NC.
CEV is a thought leader in creating capital solutions for campus housing and are one of the top 20 student housing companies acrossthe United States with over 10,000 beds owned and/or managed in 14 different states across 21 universities.
CEV puts their staff through a rigorous, immersive training program and each manager is tasked with developing new ways to increase positive impact in their communities.
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