Hawkins Way Capital, a vertically integrated real estate investment firm with more than $3 billion in assets under management, and joint venture partner Varde Partners, announced the acquisition of 81 E. 3rd St., a student housing property located in Manhattan’s East Village. Acquired for $28 million, the off-market transaction marks a strategic addition to the growing FOUND Study student housing portfolio and expands the platform’s presence in one of New York City’s most sought-after neighborhoods.
Previously developed and operated as a privately owned student residence, the property features apartment-style layouts that offer an enhanced living experience compared to traditional dormitory accommodations. Its flexible design also can serve both student housing and conventional multifamily uses.
Located in the heart of the East Village, the property sits within one of Manhattan’s densest student populations and is near major educational institutions, including
