KEYBANK CLOSES $200 MILLION CREDIT FACILITY

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LANCASTER, PA. — KeyBank Real Estate Capital has closed a $200 million Fannie Mae structured credit facility for Campus Apartments. Upon closing, Campus Apartments used $26.43 million of the credit facility to pay off the construction financing for College Row, a 393-bed property located at Franklin & Marshall College in Lancaster. Over a 3-year period, Campus Apartments plans to acquire and develop $1 billion in student apartments. Gregg Wallace of AMA Financial facilitated the transaction.

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