HFF named to market for sale 19-property, two land site housing portfolio for University of Chicago
CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale a 19-property, 676-unit portfolio plus two land sites, all owned by the University of Chicago in Chicago, Illinois. Offers will only be accepted for the portfolio in its entirety, no individual trades will be considered.
The portfolio consists of University of Chicago graduate student housing and faculty/staff buildings that are currently more than 95 percent occupied. The properties have a total of 883 beds and approximately 460,582 square feet. Units average about 681 square feet each. The properties are located in Hyde Park and Kenwood, walking distance to campus, six miles south of Chicago’s Central Business District and close to Lake Michigan.
The HFF investment sales team representing the University of Chicago is led by managing director Brian Kelly and associate directors Michael Higgins and Wickliffe Kirby.
About The University of Chicago
The University of Chicago is a private, non-denominational institution with an extraordinary history of world-renowned research and education programs across a broad spectrum of fields. Founded in 1890 by John D. Rockefeller, the University has grown to encompass the undergraduate College, which offers 50 concentrations, six professional schools (Business, Law, Divinity, Public Policy, Medicine, and Social Service Administration), four graduate divisions (Biological Sciences, Humanities, Physical Sciences, and Social Sciences), the Oriental Institute, and the Graham School of Continuing Liberal & Professional Studies, which together support over 80 degree programs. The University is one of the largest employers in Chicago, with over 23,000 faculty and staff, on campus and around the world. More than 2,100 full-time academic staff teach or conduct research at the University, and Chicago faculty and alumni have won 89 Nobel Prizes. The University enrolls over 5,000 undergraduate students and over 9,000 graduate and professional students including those studying at the Booth School of Business campuses in London and Singapore. Chicago continues to build a strong global presence as well, with a University Center in Paris and newly established centers in Beijing, Delhi and Hong Kong.
The University owns and operates a major medical center; runs the nation’s largest academic press; manages two national laboratories (the Argonne National Laboratory and Fermilab – Fermi National Accelerator Center) as well as the Marine Biological Laboratory at Woods Hole; and supports the renowned N-12 Laboratory Schools that have led to many innovations in education and four charter schools on the South Side of Chicago. The University is consistently ranked among the finest universities in the world.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.