Rhize Capital, the leading specialist debt funding platform for European student housing markets, has announced the completion of a €100 million ($109 million) loan facility for two student housing schemes in Milan, Italy.
This marks the first Italian loan for Rhize, a partnership between Kinetic Capital, a specialist lender in the purpose-built student accommodation sector, and Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors.
Under the transaction, Rhize will provide financing for two student housing projects being developed by Proprium Capital Partners and their operating partner, Collegiate AC. The two schemes are Milan, home to 210,000 full-time students, and are in prime locations with connections to key universities. Both feature market-leading amenities, including swimming pools, gyms, and extensive study spaces, along with strong environmental credentials.
The first property, Collegiate
