JV arranged for University of Nebraska-Lincoln student housing
JLL Capital Markets led capital placement efforts for LivRed; rising enrollment and housing shortage drive student housing project
CHICAGO – Feb. 11, 2021 – JLL Capital Markets announced today that it has arranged a joint venture partnership for the development of LivRed, a 154-unit, 575-bed student housing project near the University of Nebraska-Lincoln in Lincoln, Nebraska.
JLL represented Campion Devco, LLC and sourced a joint venture partner in Tailwind Group for the development.
LivRed is located within Lincoln, which boasts a population of approximately 290,000 people and serves as the capital of the state as well as home to the University of Nebraska-Lincoln. Positioned just steps from campus, the project provides walkability to most major academic and entertainment areas and is near the historic Haymarket Square and West Campus.
The seven-story building will offer students furnished one-, two-, three- and four-bedroom units all with en-suite bathrooms. Units will all be outfitted with the latest technologies to include keyless entry, smart thermostats and high-speed wi-fi connectivity, and luxury finishes such as plank flooring, stone countertops and stainless appliances. Shared community amenities will include a fitness center, spray tan stations, functional lounges and gaming areas, private study rooms, an “Uber” lounge, on-site parking garage and package room.
The project’s development team includes the award-winning local Lincoln contractor Sampson Construction with Architecture by Grace Hebert Curtis Architects and Engineering and Civil design by Lincoln’s ETI and REGA Engineering.
The JLL Capital Markets team representing Campion was led by Senior Directors Scott Clifton, Stewart Hayes, Teddy Leatherman and Director Dan Kearns.
“The University of Nebraska’s enrollment continues to grow, reaching over 25,000 students in 2019,” said Clifton. “As a result, there is a housing shortage for nearly 40% of students ensuring developments like LivRed immediate success.”
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Campion Development Company
Campion Development, LLC is a woman-owned, fully integrated real estate development company equipped with the capabilities of a full-service general contractor and construction manager. Campion maintains a focus on Student, Workforce & Affordable housing development & construction. For more, please visit: campiondevco.com.
About Tailwind Group
Tailwind Group capitalizes on real estate opportunities in acquisition, development and management. The firm identifies underserved and undervalued markets that have a strong college or university population and lack of a robust commercial presence. For more, please visit: thetailwindgroup.com.