LOS ANGELES, CA. – March 10, 2022 –MJW Investments and ARTISAN Capital Group teamed up to acquire their second deal together within 90 days. The partnership purchased Latitude at River Landing in Coralville, IA (to be rebranded as The Banks – Student Living) a 663-bed purpose-built student housing property. The property was delivered in 2019 and boasts a state-of-the-art amenity package including exterior pool with jumbotron, hot tubs, study rooms, world-class fitness center, lounge, game room, full-size basketball court and 24-hour private campus shuttle service.
The Property is located a short distance from the University of Iowa’s campus in the Iowa River Landing neighborhood, a master-planned development featuring high-end retail, restaurants, entertainment venues, hotels, museums, residential condominiums, conference centers, and University of Iowa Health Care.
“Latitude was an excellent opportunity to provide our investors with premier investment opportunities and generate great risk adjusted returns. We are excited to grow our partnership with ARTISAN and see Latitude as a great opportunity to do so” said Mark Weinstein, President and founder of MJW investments.
“We are thrilled to partner with MJW in acquiring one of the nicest student housing assets – not only at the University of Iowa but throughout the entire Big Ten Conference. Latitude is very well positioned to provide luxury housing to a wide range of student renters and offers an excellent location within walking distance to the River Landing and the abundance of amenities the area provides” said Ryan Cahalan, Co-Founder and Principal of ARTISAN Capital Group.
JLL facilitated the debt financing for the investment through Pacific Life.
MJW has been an active multifamily and student housing buyer, having closed upwards of $300,000,000 of real estate in the past 12 months. MJW is expanding its multifamily and student housing portfolios. For acquisition opportunities, contact Tony Cianciolo, Head of Acquisitions, at: email@example.com.
About MJW Investments
MJW Investments is the majority owner and manager of a $1Billion + diversified real estate portfolio. Active in every area of commercial real estate, MJW takes pride in making well-timed, disciplined, and strategic investment decisions. The company specializes in revitalizing and repositioning multifamily and student housing properties with locational advantages in markets that have high barriers to entry. MJW’s experienced team looks at every component that affects a project, taking into consideration all the resources required to help a community prosper and grow: retail, recreation, entertainment, lifestyle, living space, and transportation. Throughout its more than twenty-year history, MJW Investments has maintained its passionate vision to stimulate economic prosperity, build community, and enrich individual lifestyles by pioneering intelligent urban redevelopment and renovation projects.