Homestead Development Partners, Columbus Pacific and Kayne Anderson Joint Venture to Develop HELiX Oxford
Park City, Utah (November 10, 2016) - Homestead Development Partners and Columbus Pacific has formed a joint venture with Kayne Anderson Real Estate Advisors (KAREA) to develop HELiX Oxford – a 252-unit luxury student housing community featuring 790-beds near Ole Miss in Oxford, Mississippi.
“We couldn’t be more pleased to partner with Kayne Anderson Real Estate Advisors to build a best-in-class student housing community for the students of Ole Miss. We are confident that our community’s location, amenities, and customer service experience will prove to be a market leader once delivered in 2018.” said Michael Augustine, President of Homestead Development Partners.
HELiX Oxford will feature a market-leading student-focused lifestyle driven by unique amenities, carefully crafted apartment designs and a rarified level of exceptional service all designed to set the stage to maximize the college experience. Amenities will include elevators, a circular beach-entry pool, a fully self-contained health and fitness center with cross fit, a multipurpose Yoga studio in addition to cardio and weight training equipment; significant space dedicated to individual, small and large group study labs, an interactive gaming center, media center, event space, summer kitchen and numerous other amenities.
“We craft each of our communities to empower students through inspiring design, exceptional service and a focus on the whole self/well-being. College should be a journey of vast experiences. We are happy to provide the stage” said Jared Miller, Managing Director of Asset Management for Homestead Development Partners.
Apartments at HELiX Oxford will include 1 bedroom, 2 bedroom flats and townhomes and 4 bedroom flats and townhomes. Each apartment will be equipped with custom, modern furniture; quartz countertops, stainless steel appliances, plank flooring, upgraded cabinetry and blazing fast internet.
The team behind HELiX Oxford includes:
Developer: Homestead Development Partners (a venture including Columbus Pacific)
Equity Partner: Kayne Anderson Real Estate Advisors
Architect: Charlan Brock and Associates
Interior Design: Childs Dreyfus Group
Engineering: Williams Engineering Consultants
Site and Hardscape Design: Dalhoff Thomas Design Studio
General Contractor: Construction Enterprises, Inc. (CEI)
Property Management: Asset Campus Housing
The leasing center and amenities will be delivered in the fall of 2017 when pre-leasing begins. First move-ins are scheduled for fall 2018.
“HELiX is poised to be an incredibly desirable community for students at Ole Miss, and we’re excited to partner with Homestead Development Partners to build this best in class property,” said Craig Zogby, Managing Director, Student/Multifamily Housing, Kayne Anderson Real Estate Advisors. “We have been watching the Oxford market for some time and believe that HELiX is the perfect entry to this market for us.”
About Homestead Development Partners
Homestead Development Partners is a student housing owner and developer based in Park City, Utah with an east coast office in South Florida. Homestead Development is a partnership with Columbus Pacific. For more information, visit www.homesteaddevelopmentpartners.com.
About Columbus Pacific
Columbus Pacific (www.columbuspacific.com) was founded in 1995 and since its inception has purchased and redeveloped over 4 million square feet of retail properties and in excess of 3,000 multi-family units. CPP has provided over $200 million in mezzanine debt and equity capital, funding projects with an underlying value in excess of $1.5 billion. Their executive offices are located in Santa Monica, California.
About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is a leading real estate private equity investor in off-campus student housing, senior housing and medical office buildings. KAREA has raised four dedicated real estate private equity funds and one debt fund totaling more than $3.5 billion in commitments. KAREA is part of Kayne Anderson Capital Advisors, L.P., a $23 billion alternative investment management firm (AUM as of 9/30/16) with 30 years of successful experience in the energy, infrastructure, growth capital, real estate, middle market credit and distressed municipal sectors. For more information, visit http://www.kaynecapital.com/strategies/real-estate-private-equity.
Contact: Jared Miller, Homestead Development Partners
754.444.6822 | jmiller@HomesteadDP.com