Hawkins Way Capital Expands FOUND Study Brand in New Jersey
In an exciting move for student housing, Hawkins Way Capital, a fully vertically integrated real estate company with assets valued at $3 billion, has announced its latest acquisition of University Centre in a vibrant neighborhood. This 521-bedroom facility will soon open its doors as the first FOUND Study location in New Jersey, catering specifically to the needs of students from several prominent universities.
Enhancing Student Living Experience
According to Ross Walker, Managing Partner of Hawkins Way Capital, the acquisition reflects their commitment to improving student living conditions with well-designed and amenity-rich housing solutions. The University Centre aims to offer students a harmonious environment that promotes comfort, community, and convenience, located within close proximity to universities.
Features and Amenities at University Centre
University Centre is designed with students in mind, featuring a mix of two-bedroom and three-bedroom apartments equipped with convenient amenities. Each apartment showcases hardwood-style flooring and modern kitchens. The property currently provides 521 bedrooms but is set to expand to accommodate up to 800 beds, accommodating the growing demand for student housing.
The facility offers an impressive array of amenities tailored to enhance the student experience. Residents can enjoy a 24-hour fitness center outfitted with strength equipment, cardio machines, and free weights. Additionally, a theater room, recreation spaces complete with billiards and ping pong tables, and an Academic Success Center brimming with iMacs and PCs cater to academic pursuits. On-site laundry facilities, garage parking, and high-speed internet access further ensure a comfortable and convenient living experience.
Commitment to Education and Community
Hawkins Way Capital’s mission with the FOUND Study brand is to enhance student living standards, providing spaces that support academic success. The University Centre is strategically located near educational institutions including Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University, adding to its appeal for students.
About Hawkins Way Capital
Hawkins Way Capital specializes in value-add and opportunistic investments across a variety of real estate sectors. The company’s strategy targets attractive risk-adjusted returns by leveraging the extensive industry experience of its principals. With a strong focus on creating long-term value, Hawkins Way Capital continues to explore promising investment opportunities across various markets.
About FCL Management
FCL Management plays a crucial role in the operation of the FOUND property, overseeing the management of 6,000 beds across the U.S. FCL’s expertise in creating tailored housing solutions caters to the unique needs of academic institutions and students, ensuring high-quality living environments.
Frequently Asked Questions
What is the significance of the University Centre acquisition?
The acquisition represents Hawkins Way Capital's dedication to enhancing student living experiences and provides necessary housing solutions for nearby universities.
How many amenities does University Centre offer?
The facility includes various amenities such as a fitness center, recreation rooms, and an Academic Success Center to support student needs.
Who will benefit from the new FOUND Study location?
Students from Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University will benefit from this new housing facility.
What is the goal of Hawkins Way Capital?
The goal is to invest in and manage high-quality real estate assets that provide long-term value and support the academic success of students.
What role does FCL Management play in this acquisition?
FCL Management operates the University Centre, ensuring high performance and satisfaction for residents by managing the property effectively.
