FINANCIAL CLOSE ACHIEVED: STAR AMERICA HAS REACHED FINANCIAL CLOSE ON A STUDENT HOUSING PROJECT ADJACENT TO THE UNIVERSITY OF WASHINGTON
October 15, 2020
(Roslyn Heights, NY) – Star America, a subsidiary of Tikehau Capital, a European listed alternative asset management and investment group, is pleased to announce that it has reached financial close on Project Lakeview, a proposed high-rise student housing development located near the University of Washington in Seattle. Star America’s joint venture partner, Greystar Real Estate Partners, LLC, and its affiliates, will provide turnkey development, construction management and property management services for the project.
Conveniently located 3 blocks from campus and just one block from the new Link Light Rail station, the 21-story, 226-unit/597-bed project will feature study spaces and top quality amenity areas to serve the more than 45,000 students, faculty, staff, and young professionals of the university. The project is scheduled to open Summer 2022 in preparation for the 2022/2023 academic year. It will be built by Washington based Exxel Pacific, and was designed by project architect Weber Thompson.
“This project represents Star America’s eighth investment in the growing education P3 infrastructure space. We are pleased to invest into a second project with best-in-class developer Greystar to meet the growing housing demands of the students at the University of Washington,” said Christophe Petit, President of Star America.
Press contacts:
Star America Infrastructure Partners, LLC:
Christophe Petit, President
+ 1 516 882 4100
cpetit@starinfrapartners.com
Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North 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.
