KEYBANK PROVIDES FINANCING FOR STUDENT HOUSING COMPLEX

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STATESBORO, GA. — KeyBank Real Estate Capital has provided a $14.6 million variable rate DMBS advance to the developer Campus Apartments for its 168-unit Campus Crossing at Statesboro. The property, which was built last year, encompasses 600 beds and serves the students of Georgia Southern University. The money is part of a $200 million credit facility structured by Fannie Mae and extended to Campus Apartments in January 2008. The company has used $100 million of the facility.

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