LV Collective, Kayne Anderson Real Estate, and Pacific Life have closed on a student-oriented multifamily development Rambler in Tempe, Arizona. Located at 1020 East Apache, Tempe, Rambler is less than a quarter mile from Arizona State University’s campus.
Residents can enjoy content creation rooms, a clubroom, two pools, two hot tubs and a jumbotron. Rounding out the wellness amenities, Rambler Tempe will include a cafe, two-level fitness facility with a fitness on-demand studio, yoga studio, fireplaces, tanning beds and rooftop terrace and resident lounge.
Pacific Life is providing debt for the project. Project partners include Shepley Bulfinch as the architect, Layton as the general contractor, and Variant Collaborative for interior design.
LV Collective is an Austin, Texas-based real estate investment firm focused on acquiring, developing, and managing high-quality real estate in superior locations throughout the United States. Since its founding in 2012, LV has expanded the business to include student housing, multifamily, mixed-use and office assets in excess of $2.4 billion.
Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure/energy, renewables, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $33 billion in assets (as of 6/30/2023) for institutional investors, family offices, high net worth and retail clients and employs over 330 professionals in five core offices across the U.S. and Europe.
