{"id":162137,"date":"2019-07-24T21:54:05","date_gmt":"2019-07-24T21:54:05","guid":{"rendered":"http:\/\/www.georgianewsdesk.com\/news\/story\/162137\/267-million-loan-for-mosaic-student-communities-student-housing-portfolio-at-usc.html"},"modified":"2019-07-24T21:54:05","modified_gmt":"2019-07-24T21:54:05","slug":"267-million-loan-for-mosaic-student-communities-student-housing-portfolio-at-usc","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/162137\/267-million-loan-for-mosaic-student-communities-student-housing-portfolio-at-usc.html","title":{"rendered":"$26.7 million loan for Mosaic Student Communities student housing portfolio at USC"},"content":{"rendered":"<p style=\"text-align: justify\">Mosaic Investment Partners announces the $26.7 million refinancing of its 19-property, 245-bed portfolio near the campus of the University of Southern California (USC) in Los Angeles.<\/p>\n<p style=\"text-align: justify\">From its inception, Mosaic Investment Partners has acquired underperforming or undermanaged student housing properties as well as properties that could be repositioned for student housing.&nbsp; More recently, Mosaic Investment Partners has acquired properties where additional units can be developed.&nbsp;<\/p>\n<p style=\"text-align: justify\">Mosaic Investment Partners engaged Holiday Fenoglio Fowler L.P. (HFF) as its exclusive advisor to secure the five-year, fixed rate loan through a national bank.<\/p>\n<p style=\"text-align: justify\">Mosaic Student Communities, an affiliate of Mosaic Investment Partners, manages this 19-property portfolio which is located less than a half of a mile north and west of USC&rsquo;s campus and is within walking distance to all of USC&rsquo;s educational and recreational facilities.&nbsp; Additionally, the properties are located close to USC Village, which boasts a Trader Joe&rsquo;s grocery store, Target and several fast-casual restaurants, in addition to academic space.<\/p>\n<p style=\"text-align: justify\">&ldquo;Mosaic has invested well over $6 million in property renovations and higher-end amenities for its historic Craftsman and Victorian properties,&rdquo; commented George Alva of Mosaic Investment Partners.&nbsp; &ldquo;As a result, our pre-leasing and lease renewal rates have steadily increased every year.&nbsp; Our new lender recognized this value and structured our debt facility to address our current needs and future growth opportunities.&rdquo;<\/p>\n<p style=\"text-align: justify\">To learn more about Mosaic and how they are helping USC students live in high quality off-campus student housing within a vibrant community, please visit <a rel=\"nofollow\" href=\"http:\/\/www.livewithmosaic.com\">www.livewithmosaic.com<\/a>.<\/p>\n<p style=\"text-align: justify\"><strong>About Mosaic<\/strong><\/p>\n<p style=\"text-align: justify\">Mosaic Student Communities is a fully insured property management company and California corporation, that manages over 60 properties and 725 student residents for Mosaic Investment Partners as well as for third-party clients.&nbsp; Mosaic Student Communities has a best-in-market leasing department and is considered a leading provider of off-campus student housing at USC.<\/p>\n<p style=\"text-align: justify\">Mosaic Investment Partners directs, manages and executes property acquisitions, debt and equity financings, and renovation and construction activity of student housing properties at USC.<\/p>\n<p style=\"text-align: justify\">Learn more at <a rel=\"nofollow\" href=\"http:\/\/www.livewithmosaic.com\">www.livewithmosaic.com<\/a>.<\/p>\n<p class=\"caps\"><span style='font-size:18px !important'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> Mosaic<br \/><strong>Contact Person:<\/strong> Media Manager<br \/><strong>Email:<\/strong> <a rel=\"nofollow\" href='http:\/\/www.universalpressrelease.com\/?pr=267-million-loan-for-mosaic-student-communities-student-housing-portfolio-at-usc'>Send Email<\/a><br \/><strong>Phone:<\/strong> (323) 733-2258<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a rel=\"nofollow\" href=\"http:\/\/www.livewithmosaic.com\" target=\"_blank\">www.livewithmosaic.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"http:\/\/www.getnews.info\/press_stat.php?pr=267-million-loan-for-mosaic-student-communities-student-housing-portfolio-at-usc\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mosaic Investment Partners announces the $26.7 million refinancing of its 19-property, 245-bed portfolio near the campus of the University of Southern California (USC) in Los Angeles. From its inception, Mosaic<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/162137"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=162137"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/162137\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=162137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=162137"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=162137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}