GMH JV buys 672-bed mixed-used student-housing project
GMH Capital Partners (GMH) and AGC Equity Partners have acquired The Dean, a 672-bed, mixed-use student-housing project in Champaign, Ill.
The seller was Core Spaces.
Construction of The Dean began in fall 2018 and was completed by the seller in summer 2020.
The Dean is a 240,737-square-foot, off-campus, student-housing community consisting of 17 stories, with ground-floor retail anchored by Target and Jimmy John’s. The property is situated at the intersection of South Sixth and East Green Streets in Campustown, adjacent to the University of Illinois – Urbana Champaign campus, and within walking distance to the area’s many bars and restaurants, as well as event venues such as State Farm Center and Memorial Stadium.
“The Dean fits seamlessly into GMH and AGC’s portfolio of student housing properties and grows our existing presence in Campustown,” said Gary Holloway Jr., president of GMH Capital Partners. “The Dean provides students who are re