Hawkins Way Capital has purchased a 122-unit student housing building at 300 West 20th Street in New York City from The New School for $30 million.
The transaction was arranged by CBRE’s Doug Middleton and Jack Stillwagon, though financial details were not disclosed. Hawkins Way Capital plans to continue leasing the property to students from various Manhattan schools.
The New School is a private research university in New York City. It was founded in 1919 as The New School for Social Research with an original mission dedicated to academic freedom and intellectual inquiry and a home for progressive thinkers. Since then, the school has grown to house five divisions within the university. These include the Parsons School of Design, the Eugene Lang College of Liberal Arts, the College of Performing Arts, which includes the Mannes School of Music, The New School for Social Research, and the Schools of Public Engagement.
Hawkins Way Capital is a real estate company based in Los Angeles focused on value added and opportunistic investments across various asset classes and geographies. The company manages equity funds for select family offices and institutions that seek niche theses targeting attractive risk adjusted returns. The disciplined approach leverages the principals’ investing experience and extensive network to execute strategies that offer long-term value.
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
