Dealmaker: BWE Secures $36M for Acquisition, Renovation of Indiana University Student Housing

(The Monroe, courtesy of BWE)

Bellwether Enterprise, Cleveland, secured $36 million in acquisition financing for a student housing property at Indiana University in Bloomington, Ind.

Campus Realty Advisors acquired the asset. Christopher Carroll and Max Miller in BWE’s Chicago office advised the company.

The property, called The Monroe, is in one of the three purpose-built student housing submarkets serving the university.

“With students looking for high-quality, amenity-rich places to spend their college careers, it’s critical that student housing options can meet this demand. We’re proud to partner with Campus Realty Advisors to help them acquire and reposition The Monroe so that it can become the premier housing option for Indiana University students in Bloomington,” Carroll said.