MCKINLEY APPOINTED RECEIVER FOR 792-BED PURPOSE-BUILT STUDENT HOUSING PROPERTYAugust 12, 2013
CHAMPAIGN, ILLINOIS McKinley has been appointed Receiver for University Village by the Circuit Court of the Sixth Judicial Circuit, Champaign County, IL and will immediately begin managing this purpose-built student housing community located in Champaign, IL, just north of the University of Illinois main campus. The property consists of 240 units and 792 beds and offers a mix of two bedroom/two bath, three bedroom/three bath and four bedroom/four bath floor plans. A full array of amenities is provided for residents including: swimming pool, tanning beds, indoor basketball court, dog park, game room, computer study lounge, fitness center, car care facility, and grilling areas. University Village is a gated community and provides a complimentary shuttle service to and from the University of Illinois campus. In addition to serving students who attend the University of Illinois, the property also caters to students attending Parkland College in Champaign.
McKinley has a long history of operating properties in college towns that serve student populations and our management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be able to offer management and advisory services to our clients with student housing assets and look forward to putting our expertise to work at University Village, stated Alexandra S. Jackiw, Managing Director, Institutional Residential Real Estate.