Harrison Street Buys Dwight Lofts Student Housing Property in Chicago for $105M

CHICAGO Harrison Street Real Estate Capital has acquired Dwight Lofts, a 771-bed student housing property located in Chicago’s South Loop neighborhood, for a reported $105 million. During the school year, the property serves as housing for students attending Columbia College Chicago, which recently executed an 11-year lease extension. The institution specializes in art and media disciplines. Harrison Street acquired the 178-unit building, built in 2009, from Bethesda, Md.-based ASB Capital Management. The high-quality amenities and central location of Dwight Lofts make the property an ideal living space for students as well as those seeking housing during the summer months, says Joey Harrison, Harrison Street’s core fund portfolio manager. Dwight Lofts is located a quarter-mile from the main campus building of Columbia College Chicago, and within walking distance of four CTA “L” stations, the LaSalle Street Metra Station, Grant Park, lakefront running and bike paths, and retail and restaurant establishments. The property offers two- and four-bedroom units that are fully furnished. The building features amenities designed to cater to Columbia students, including art studio space, music practice rooms, study lounges, a sky lounge, an on-site fitness center and three food-service providers. The Dinerstein Cos. will manage the property.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties