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Cardinal Group Purchases 244-Bed Student Housing Community Near University of Oregon

Arena-District-Eugene-OR

Arena District offers 244 beds less than a quarter mile east of the University of Oregon campus in Eugene.

EUGENE, ORE. —Cardinal Group has acquired Arena District, a 244-bed student housing community located near the University of Oregon in Eugene.

The property offers two- and four-bedroom units. Shared amenities include a fitness center; hot tub; private study room; study area and internet café; multimedia lounge; clubroom with gaming and pool table; and outdoor courtyard with grilling station.

HFF arranged an undisclosed amount of acquisition financing for the transaction. The HFF team, which included Pat Burger, secured the floating-rate loan through Freddie Mac’s CME Program. HFF will also service the securitized loan.

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