Hawkins Way Capital, a vertically integrated real estate investment firm with over $3 billion in assets under management, along with Varde Partners, has acquired 117 W 70th St, a 382-unit student housing property located on Manhattan’s Upper West Side. The $80 million acquisition marks a strategic addition to the joint venture’s growing urban student housing enterprise, FOUND Study, and further strengthens the firm’s longstanding relationship with the American Musical and Dramatic Academy (AMDA), which will continue to occupy and operate the property through a long-term master lease executed concurrently with the sale.
The acquisition of 117 W 70th St further expands the joint venture’s differentiated student housing portfolio in New York City, where assets now include more than 6,000 beds acr
