FINANCIAL CLOSE ACHIEVED: STAR AMERICA HAS REACHED FINANCIAL CLOSE ON THE FOURTH PHASE OF A MIXED-USE STUDENT HOUSING PROJECT FOR THE UNIVERSITY OF TEXAS AT DALLAS
December 17, 2019
(NEW YORK) – Star America is pleased to announce that it has reached financial close as an equity partner on the fourth phase of a mixed-use student housing project for The University of Texas at Dallas to be co-developed with Balfour Beatty Campus Solutions and Dallas-based residential and commercial developer Wynne/Jackson.
The project will expand on our Northside phase I, II and phase III investments, delivering an additional 387 housing units.
Located on a 8.4-acre lot ground-leased by The University, located adjacent to the previous phases, the project will include mid-rise apartments that will add 675 beds with easy access to restaurants and entertainment venues which serve the more than 25,000 students, faculty, staff and young professionals of the University.
The project broke ground on December 11th and will be delivered in July of 2021 in preparation for the 2021/2022 academic year. It will be built by Dallas-based Andres Construction, who will lead the overall design/build team, featuring Architecture Demarest as the lead design firm. Andres and Demarest were in the same roles for the successful delivery of phase 2 and are currently working on phase 3 as well.
“This project represents Star America’s sixth investment in the growing education P3 infrastructure space. We are pleased to continue our strong partnership with Balfour Beatty and Wynne/Jackson to meet the growing housing demand of the students at University of Texas in Dallas,” said Christophe Petit, President of Star America.
FOR INQUIRIES:
Christophe Petit, President
Star America Infrastructure Partners, LLC
Tel: +1 516 882 4100
cpetit@starinfrapartners.com
ABOUT STAR AMERICA
Star America, a subsidiary of Tikehau Capital, a European listed asset management and investment group with€27.2 billion of assets under management (as at 30 September 2020) and shareholder equity of €2.8 billion (as at 30 June 2020), is a U.S. headquartered developer and manager of infrastructure assets in NorthAmerica. With an investor base that includes large institutional investors such as insurance companies and pension funds, among others, Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. As of September 30,2020, Star America has over $700+ million Assets Under Management and our track record includes investments in 15 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.
