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Blue Vista, Bain Capital JV secures $45m for student housing community at University of Chicago
Transactions - JANUARY 24, 2024

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Blue Vista, Bain Capital JV secures $45m for student housing community at University of Chicago

by Denise Moose

A joint venture between Blue Vista and Bain Capital Real Estate announced that it secured $45 million in refinancing for Vue53, a 267-unit, 403-bed student housing community located at the University of Chicago.

JLL worked on behalf of the borrower to secure the refinance loan through a fund managed by Argentic Investment Management.

Vue53 is located less than a 10-minute walk to the University of Chicago campus in Hyde Park, Ill. It offers high-quality studio, one- and two-bedroom units with floor-to-ceiling windows, granite countertops, private bathrooms, in-unit washers and dryers and stainless-steel appliances.

Renters also have access to community amenities, including a bike storage facility, a business center, study lounges, a fitness center, a clubroom with pool tables and sun decks. A 24-hour doorman, on-site parking, package storage and handling and campus shuttle pickup offer complete convenience and quick accessibility. The property also includes 27,3

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