HARRISON STREET SECURES $21.5M ACQUISITION LOAN

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MINNEAPOLIS — HFF has arranged a$21.5 million Freddie Mac loan for Stadium Village Flats, a 120-bed student housing community serving the University of Minnesota in Minneapolis. Timothy Joyce and Stephen Skok led the HFF team that negotiated the 10-year acquisition loan for the borrower, Harrison Street Real Estate Capital. Stadium Village is located at 850 Washington Avenue S.E. The newly built property is fully leased and includes 19,175 square feet of retail space, which is fully occupied by CVS/pharmacy, Noodles & Co. and Dino's Gyros. Community amenities include a theater room, yoga studio and computer lab.

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