Tag Archives: trainee

Head of the Class: CPPIB, GIC and Scion Acquire 24 Trainee Housing Residence for $1.1 Billion

Deal Represents Second Purchase in Past 12 Months from Harrison Street Real Estate

Scion Student Communities, a trainee real estate investment group that includes the Canada Pension Plan Financial Investment Board (CPPIB), GIC and The Scion Group LLC, has gotten a U.S. student housing portfolio for $1.1 billion, or about $80,500/ bed.

The investment group is purchasing 22 properties from affiliates of Harrison Street Real Estate Capital. The deal also consists of the recapitalization of 2 student-housing neighborhoods previously owned by Scion-affiliated personal syndications.

Chicago-based Harrison Street Realty had actually assembled its 22 dorms in the portfolio over the past a number of years primarily through one-off transactions throughout five of its different mutual fund.

The entire portfolio includes 24 assets located in 20 different university markets across the country consisting of 13,666 beds. The portfolio consists of a mix of just recently established rental real estate along with some value-added properties, CPPIB said in announcing the deal.

“This is an engaging financial investment opportunity to efficiently develop even more scale in the United States trainee housing sector with a portfolio of premium, well-located homes in new and existing joint venture markets,” said Hilary Spann, handling director, head of Americas, real estate investments, CPPIB.

“Our company believe the nonreligious strength of the United States student housing sector will continue to provide appealing, risk-adjusted returns for the CPP Fund, and we eagerly anticipate continue growing the joint endeavor with GIC and Scion,” included Spann.

Scion president Robert Bronstein called the deal “especially strategic” given the joint endeavor was including six homes in markets in which it currently owns other trainee housing homes.

“This is consistent with our strategy to concentrate our financial investments in target audience by owning numerous properties with diverse item types and rental cost point alternatives,” Bronstein stated.

Since its creation in January 2016, the joint endeavor known as Scion Student Communities has finished over $4 billion of financial investments, mainly through 4 portfolio transactions, deploying $1.4 billion in equity capital. CPPIB and GIC each own a 45% interest in the newly acquired portfolio and Scion owns the staying 10%.

The joint venture’s nationwide portfolio now consists of 73 student housing neighborhoods in 52 top-tier university markets, making up 46,555 beds. The average efficient age of the portfolio is less than 5 years and over 70% of the assets are located within one mile of their respective schools.

This was the second student real estate portfolio in the previous year that Harrison Street has sold to the CPPIB/GIC/Scion joint endeavor. Last March, it sold 9 trainee real estate homes to Scion Trainee Communities for $465 million.

Harrison Street is still one of the largest private financiers in the student real estate market with over 73,000 beds throughout the U.S. and Europe. It also invests in medical office homes, senior housing neighborhoods and self-storage centers.

Christopher Merrill, co-founder, president and CEO of Harrison Street, said the portfolio sale reflects its method of acquiring single trainee housing assets or development opportunities located near large universities, increasing occupancy and packaging them for sale to other investors.

Peter Katz, executive handling director of Marcus & & Millichap’s IPA Student Real estate Department, served as a tactical specialist to Harrison Street on the transaction.

Independently today, Harrison Street obtained a portfolio of 25 medical office complex from Minnsepolis-based Investors Realty Trust (NYSE: IRET) for $367.7 million.

For IRET, the sale was a significant milestone as the final disposition in its goal to refocus as a multifamily business. It prepares to deploy proceeds from the MOB portfolio sale to get multifamily residential or commercial properties in the Twin Cities and Denver.

Newsmakers 2017: Trainee Success

Students this year took UNLV’s Runnin’ Rebels spirit to heart, tallying up resumes that would offer specialists in their fields with years of experience a run for their loan.

From undergrads to post-docs, UNLV students proved that you’re never too young or old to develop, impact, or impress. Here are just a couple of whose achievements made news headlines in 2017.

Hack Yeah!

Team Wingin’ It– a group of UNLV graduate students, two computer system science/engineering alumni, and a former student– won the $10,000 grand reward throughout the Consumer Electronic Devices Show Smart Cities Hackathon. The group beat 28 other groups (read: over 300 software application designers and designers from around the world) at the life-hack competition aimed at creative issue solving using just computer wits, city public works data, and a handful of brand-new technological devices offered by program sponsors. In simply 10 of the set aside 24 Hr, the team created software application that assists the city of Las Vegas rapidly identify streetlight blackouts that need repair work– a procedure that previously counted on either resident reports or a city service technician by hand dedicating numerous hours to the job.

Assisting Hand

It was a double event as 7-year-old Las Vegan Hailey Dawson threw away the very first pitch at video game 4 of the World Series video game using her 3D-printed flexihand. UNLV was likewise cheering on another inspiring girl, UNLV engineering college student Maria Gerardi, who assisted her arrive. Maria invested a week creating, putting together, and painting the robohand– the 8th she’s produced for Hailey, whose uncommon birth defect stunted advancement of her best pectoral muscle and fingers on that hand. Hailey has gotten her dream invitation to throw away initially pitches at all 30 Big league Baseball parks in 2018, and Maria will again lead the trainee team building specially-themed hands for each go to.

Solar Decathlon

Structure on their strong showing in 2013, UNLV’s Solar Decathlon team this year brought home the first-place reward in development and placed second in the engineering and architecture contests at the international 2017 U.S. Department of Energy Solar Decathlon. Team Las Vegas placed eighth total from 11 groups for their design of a 990-square-foot, energy-efficient home that incorporated clever innovation such as Amazon Alexa, heated floors, and handicap-accessible counter tops. About 60 UNLV students from architecture, engineering, allied health, and other disciplines spent two years creating and developing from scratch a solar house around the style of “aging in location “– helping older grownups and those with specials needs move safely in their home and communicate with household and social services, enabling them to stay in their houses and prevent transfer to an institutionalised care center. In It to Win It #Winning: It’s just the Rebel Way! Several students savored UNLV’s rebel spirit this year, checking out new experiences and acquiring awards and other honors along the method.

Among them: An Emmy

win for broadcast journalism trainees, a nationwide accounting competitors triumph, leading reward in the trainee department of a global architecture/hospitality contest for imaginative hotel style, and nationwide hubbub surrounding a video gaming development that has actually made its way to gambling establishment floorings. This$ 130 million’ Hyperloop Hotel ‘would allow individuals to travel in between cities in luxury rooms( Company Expert).

The architects throwing out the rulebook on hotel style( CNN) TV show produced by UNLV students wins Emmy Award( Las Vegas Sun). UNLV trainees learn due date pressure through’ Rebel Report'( View News). UNLV accounting group wins national competition ( Las Vegas Review-Journal). UNLV student’s blackjack variation being checked on Las Vegas Strip( KTNV-TV) Blackjack too mathematically challenging? New format simplifies game( Casino.org) UNLV student hits’ jackpot’ after establishing brand-new table game( Fox 5 Vegas). Trainee’s new Las Vegas table game just like blackjack( Vegas Inc.). Backtracking Her Roots. A Native American ecology student with an unique connection to her master’s project to bring back native plants at Glen Canyon National Recreation Location, her Hualapai people’s ancestral arrive at the Arizona-Utah border, acquired much attention this year. Ka-Voka Jackson teamed up with the National forest Service on research to remove intrusive ravenna turf weeds from a number of canyons along the Colorado River. The intrusive plants not only ruin the environment and pose a wildfire threat, but they’re also ejecting plants main to the culture, religion, and history of differentNative American tribes that historically lived in the location. Concealed Figure. Amber Turner might only be an undergrad, but she’s currently making a name in the rare field of planetary geology– interning for eight months this year with NASA researchers on a task checking out the possibility of people someday surviving on Mars. And she did it while handling numerous part-time jobs,including one as an Army Reserve civil affairs professional. As a high-pressure experimental petrology intern for Jacobs (a NASA specialist) at Johnson Area Center in Texas, Amber studied minerals that help scientists comprehend Mars’ capability for sustaining human life. Her work even made her an award this fall from a Washington, D.C., females’s publication for shattering the STEM stereotype. Remarkable Alumni. Various. Bold. Varied. As UNLV’s registration continues to grow, so does the swimming pool of trainees who embrace these values. Numerous members of the Class of 2017 who embody the academic, research, neighborhood effect, or personal adversity accomplishments of the finishing class made the news this year. 85-year-old man amongst UNLV trainees graduating Saturday( KTNV-TV )Class of 2017’s older statesman earns UNLV degree at 85 ( Las Vegas Review-Journal). Female delays lung cancer surgery to walk at graduation( View News). UNLV ‘Impressive Student’ awardee battles phase 3 lung cancer( KSNV-TV) Ecological activist and 2017′ Exceptional Grad ‘Vivian Sam( Research study Breaks). Nearly 3,000 graduate from UNLV during spring start events( Las Vegas Review-Journal). UNLV celebrates a’ substantial offer’ in winter season graduation ceremony ( Las Vegas Sun). Discover more about UNLV news as it happens at UNLV In The News

Former Clark High School coach jailed for lewdness with trainee

Mugshot of Juan Chavez. (Courtesy: LVMPD)< img src=" /wp-content/uploads/2017/11/15442012_G.jpg" alt=" Mugshot of Juan Chavez. (Courtesy: LVMPD)"

title=" Mugshot of Juan Chavez.

( Courtesy: LVMPD)” border= “0” width=” 180″/ > Mugshot of Juan Chavez. (Courtesy: LVMPD). LAS VEGAS( FOX5)-. Clark County School District cops detained a previous high school university coach for

lewdness. Juan Alfredo Chavez, 25, was arrested Thursday on one count of felony lewdness dedicated by a person over 18 with a child 14- or 15-years-old.

Chavez acted as a kids university soccer coach at Ed W. Clark High School. He was a volunteer and not a school district worker.

Police said the arrest was the outcome of an event that reportedly took place on Oct. 20 at the school including a 14-year-old woman.

As of Oct. 20, Chavez is no longer enabled on any CCSD home and has been removed from the approved coaches list. He acted as a coach because Dec. 2010 and successfully passed a background check, police said.

Stay with FOX5 and FOX5Vegas.com for advancements.

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights reserved.

Trainee detained for putting bodily fluids on roommate’s valuables, authorities state

WEST HARTFORD, Conn. (AP/Meredith)– A white Connecticut university student has been charged with smearing body fluids on her black roommate’s belongings, and police are stating it was a predisposition criminal offense.

West Hartford police revealed Wednesday that University of Hartford trainee Brianna Brochu, 18, was charged Saturday with misdemeanor criminal mischief and breach of peace. Cops also asked a judge to include a felony bigotry charge Wednesday.

The Hartford Courant reports Brochu told police she put her body fluids on her roomie’s knapsack and licked her roomie’s plate, fork and spoon due to the fact that she was frustrated with her roommate’s impolite behavior. Brochu denied other actions she discussed on Instagram, including that she put her roommate’s tooth brush “where the sun doesn’t shine.”

Brochu presumably wrote in an Instagram post, “Finally did it yo woman got rid of her roommate!! After 1 1/2 month of spitting in her coconut oil, putting moldy clam dip in her lotions … putting her toothbrush places where the sun does not shine, therefore much more I can lastly bid farewell Jamaican Barbie.”

The roomie, Chennel Rowe, stated in a viral Facebook video that she had a tense relationship with Brochu and transferred to another room about 2 weeks back.

Rowe, from New York City City, stated other trainees informed her about Brochu’s social media posts, and she understood the contamination of her individual items may have triggered the severe throat pain she was suffering.

She also stated that university authorities were at first sluggish to react and threatened to eliminate her from school if she discussed what occurred.

University President Greg Woodward said Brochu is not a student at the school and will not be returning. University authorities said federal personal privacy laws prevent them from stating whether a trainee is expelled. Woodward said the university took immediate action once the claims were given officials’ attention on Oct. 17.

“The accused student’s behavior was wicked and does not show the values of our organization,” Woodward stated in a statement to the campus neighborhood Tuesday. “The incident has actually brought about allegations of racism, and I desire you to know that I hear and share your anger and aggravation. Acts of racism, predisposition, bullying, or other violent habits will not be endured on this campus.”

Brochu, of Harwinton, Connecticut, did not return a message from The Associated Press on Wednesday. She did not comment throughout a Wednesday court appearance, when a judge barred her from school home and purchased her to stay away from her now-former roomie.

Copyright 2017 The Associated Press. All rights scheduled. This material might not be released, broadcast, rewritten or redistributed.

Truancy officer implicated of illegally going into trainee’s home

Click to enlarge photo

Picture courtesy CCSD Scott Weissinger A Clark County School District truancy officer is implicated of unlawfully entering a trainee’s house and assaulting him earlier this month, according to officials.

Scott Weissinger, 56, was apprehended Wednesday for the incident that apparently took place on Oct. 18, CCSD Authorities Chief Ken Young said. The 16-year-old student did not suffer serious injuries.

Weissinger was booked at the Clark County Detention Center one count each of battery by strangulation and theft, both felonies, and one count of kid abuse and endangerment, a misdemeanor, Young stated.

According to an investigation, Weissinger was on duty and acting on a truancy report when the event happened, Young said.

Weissinger, who’s been used by the school district considering that 1991, was suspended without pay while the examination continues, cops said. Prison records show he’s out on bail.

UNLV trainee abducted from school parking lot, raped at gunpoint


CITY POLICE This male is thought of raping a UNLV trainee, Friday, Oct. 20, 2017.

Friday, Oct. 20, 2017|5:45 p.m.

. A student was kidnapped at gunpoint at one of UNLV’s parking garages and sexually attacked at a separate area Friday early morning, according to university authorities.

The female trainee had actually parked her automobile on the second flooring of the garage about 6 a.m. when she was approached by an armed man, authorities said.

Cops stated the suspect forced the victim into her vehicle and forced her to drive to the area of Katie and Cambridge streets, about half a mile north of UNLV.

It wasn’t instantly clear what occurred next, however the victim had the ability to take the weapon and flee, police stated. The suspect also fled on foot.

The suspect was described as a black man with blonde dreadlocks, authorities stated. He used a dark blue hooded sweatshirt with a white logo design on the front, and blue jeans.

UNLV police have increased their presence on school and in the parking lot.

The kidnapping and sexual assault is being examined in combination with City Cops, according to UNLV police.

The university provided the following tips to students and personnel:

– Be aware of surroundings and try walking in pairs.

– Pre-program UNLV authorities’s telephone number on your phone, 702-895-3669. Call 911 if it’s an emergency.

– Download the university’s RebelSAFE application through iTunes and the Google Play Shop.

Trainee sets poster on fire at Coronado High

A paper banner was set on fire at Coronado High School Thursday. A paper banner was set on fire at Coronado High School Thursday. A paper banner was set on fire at Coronado High School Thursday.

HENDERSON, NV (FOX5)- A student set a paper poster on fire at Coronado High School Thursday, according to the Clark County School District. A banner reading” Cougars” burned as trainees were leaving the school. The fire was put out rapidly, however put out a lot of smoke, so personnel pulled the emergency alarm, CCSD said.

Henderson Fire Department reacted quickly and it was “all taken care of” by 2:30 p.m.

. The district said there was no damage as an outcome of the fire. It did not say exactly what repercussions the trainee responsible will face.

Principal Michael Piccininni sent this message to moms and dads:

This afternoon during termination we had a little circumstance on school. A notepad on top of our locker area outside the 800 corridor captured on fire. The trainees did an exceptional job after the smoke alarm was pulled. They left the building in an orderly fashion and had the ability to clear the school without any occurrence, no Injuries and no property damage of any kind. Henderson Fire Department came and examined the situation, and has cleared our building of any structural damage. There is no requirement of repair. The students did a remarkable task. The faculty responded quickly, and whatever this afternoon went according to strategy. We simply wanted to share this message with you to ease any questions or concerns you may have. If you feel the requirement, do not hesitate to give us a call at 702-799-6800. This was a great example of how appropriate preparation and permitted our campus to remain safe even in times of confusion.

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights scheduled.

UNLV trainee reluctantly photographed in school bathroom

Waypoint Residential Purchases $102 Million Portfolio for New Trainee Housing Unit

Waypoint Residential, a realty financial investment supervisor that partners with personal financiers to acquire home residential or commercial properties, has actually established a different affiliate to broaden its student real estate company after going into the sector last year.

The affiliate, Waypoint Campus Real estate LLC, got off to a good start, buying four homes of a five-property student housing portfolio consisting of 2,638 beds from Blue Vista Capital Management for $102 million.

The freshly acquired residential or commercial properties include High View Location, serving the University of Texas at San Antonio; Maverick Location, serving the University of Texas at Arlington; Rebel Place, serving the University of Nevada at Las Vegas; and Spring Location, serving the University of North Carolina at Greensboro.

Waypoint is planning to close on the fifth and largest student-housing home in the portfolio next month.

Scott Lawlor, CEO of Waypoint Residential, announced that student real estate is now part of the business’s core business, broadening its focus in the rental housing sector.

“The addition of trainee housing aligns with our overall technique to diversify our item offerings within the rental real estate market, and we believe it provides excellent risk-adjusted opportunities,” said Lawlor.

Waypoint entered the trainee housing sector in 2016 when it got its very first three residential or commercial properties consisting of 1,122 beds for $58.3 million. With the conclusion of all 5 portfolio assets in this acquisition, Waypoint will have obtained 3,760 trainee housing beds for around $160 million.

Jeremy Pemberton, who formerly concentrated on acquisitions and sourcing capital for Waypoint Residential, has actually been named to lead the new Waypoint School Housing affiliate.

“The student housing sector continues to demonstrate strong principles, significantly enrollment growth and continued strong tenancy,” Pemberton noted, while adding he believes trainee housing has become a more noticeable property class with strong financier demand.

For more information on the transaction, see CoStar Sale Comp ID # 3882652.