Hawkins Way Buys $80M Student Housing

Hawkins Way Capital just paid $80 million for a 382-unit student housing building on Manhattan’s Upper West Side — formerly AMDA College of the Performing Arts — at a staggering $209,000 per unit. The property, which once housed migrants and is now being leased back by AMDA for 30 years, signals Hawkins Way’s aggressive East Coast student housing push. They’ve already snapped up another Manhattan property for $30 million and sold a NYC hotel to CUNY for $125 million. On the West Coast, they’ve acquired Berkeley student housing and a Financial District Holiday Inn for $154 million — also a former migrant shelter. The new Stratford Residence Hall will be reimagined with communal dining, workspaces, and a gym, managed by FCL Management. This is Hawkins Way’s biggest bet yet in the student housing game — and the transformation will be watched closely. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/549e93120b405861