Chicago-based Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $15.2 million loan with Campus Realty Advisors and T2 Capital. The transaction funds the acquisition, renovation and repositioning of The Junction San Marcos, a 152-unit, 488-bed student housing community in San Marcos, Texas, near Texas State University.
This loan marks the first commitment between Byline and Campus Realty Advisors, while T2 Capital is a long-time client of BCREG. The loan will assist in the acquisition and revitalization of the property. Campus Realty Advisors and T2 Capital plan to renovate all units and common areas.
“The upgraded property will be a welcome addition to the San Marcos rental market, which has seen strong growth and nearly full occupancy for several years in a row,” said Matt Robertson, Senior Vice President in Byline’s Commercial Real Estate Group. The law firm Smith Gambrell Russell represented Campus Realty Advisors and T2 Capital in this transaction, while Holland & Knight represented Byline Bank.
Campus Realty Advisors, LLC is a real estate company based in Atlanta and is ranked as one of the top developers, investors, and managers of student housing in the US.
T2 is a nimble, fully integrated, private equity real estate investment firm that utilizes a data driven approach in pursuit of outsized investment returns. With the benefit of fully discretionary capital and deep industry relationships, T2 executes specific investment strategies that sync with demographic trends and supply/demand imbalances. In all that we do, we seek to be great neighbors, partners, and, ultimately, stewards.
