News release

$45M financing secured for luxury student housing community at University of Chicago

JLL Capital Markets arranged the refinancing of the 267-unit / 403-bed Vue53 in Chicago, Illinois 

January 23, 2024

Jenna Sharp

Capital Markets PR
+1 214 438 6450

CHICAGO, Jan. 23, 2024 – JLL Capital Markets announced today that it has arranged the $45 million refinancing for Vue53, a 267-unit / 403-bed student housing community located at the University of Chicago in Chicago, Illinois.

JLL worked on behalf of the borrower, a venture between Blue Vista and Bain Capital Real Estate, to secure the refinance loan through a fund managed by Argentic Investment Management LLC (“Argentic”).

Vue53 is located less than a 10-minute walk to the prestigious University of Chicago campus in Hyde Park. It offers high-quality studio, one- and two-bedroom units with floor-to-ceiling windows, granite countertops, private bathrooms, in-unit washers and dryers and stainless-steel appliances.

Renters also have access to a wide array of community amenities, including a bike storage facility, a business center, study lounges, a fitness center, a clubroom with pool tables, and sun decks. A 24-hour doorman, on-site parking, package storage and handling, and campus shuttle pickup offer complete convenience and quick accessibility. The property also includes 27,367 square feet of ground-floor retail anchored by a Target with a Starbucks.

The JLL Capital Markets Debt Advisory team was led by Senior Directors Brian Walsh and Dan Kearns, Associate Tara Hagerty, and Analyst Dave Hunter.

Brandon Honey, SVP Capital Markets at Blue Vista, said, “We appreciate the high-quality debt options JLL sourced for Vue53, and we’re very happy to be working with Argentic.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.

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About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Blue Vista

Blue Vista is a Chicago-based investment management firm focused on helping investors maximize returns through best-in-class real estate equity and credit strategies across the risk-return spectrum. Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender across all property types and various markets in the U.S. and Canada. Since its inception in 2002, the firm has invested over $13.3 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing. For more information, please visit

About Bain Capital Real Estate

Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $7.7 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate's strategy aligns with the value-added investment approach that Bain Capital pioneered and leverage's the firm's global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world's leading private investment firms with approximately $180 billion of assets under management. For more information, visit

About Argentic

Argentic is an investment manager of commercial real estate lending and investment vehicles focused on providing fixed-rate and floating-rate debt financing solutions to property owners throughout the United States.