Seven Hills Realty Trust announced the closing of a $31.2 million first mortgage floating rate bridge loan. This loan is for the acquisition of The Lodge, a student housing property located near Texas State University in San Marcos, Texas.
This transaction represents a continued focus on expanding the company's portfolio within the student housing sector. Student housing is considered a resilient asset class, aligning with SEVN's strategic rebalancing efforts.
The new loan contributes to the company's overall loan commitments and is part of its ongoing investment activity. This move reinforces SEVN's strategy of deploying capital into well-secured opportunities.
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