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Announced

Completed

T2 Capital-backed Muinzer completed the acquisition of Station 21.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

United States

student housing

Real Estate Holding and Development

Acquisition

Domestic

Majority

Private

Single Bidder

Private Equity

Synopsis

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T2 Capital-backed Muinzer, a real estate investment firm, completed the acquisition of Station 21, a student housing community. Financial terms were not disclosed. "Our transaction with T2 unlocks the value that we have created to date and allows our original institutional equity partner to successfully exit. Muinzer is excited to increase our ownership stake in Station 21 while continuing our onsite property management role. Even in an uncertain macroeconomic environment, we have successfully completed over $300m of student housing acquisitions and dispositions thus far in 2023," Marc Muinzer, Muinzer Founder and CEO.

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