Student Housing Development | Providence, Rhode Island | JV Equity | Family Office | $35MM

Buckingham is pleased to announce that has successfully placed JV Equity on behalf of its client Pebb Capital, for the development of 131 residential units primed for student/young professional living with approximately 8,600 sf of ground floor retail located in the Innovation District, an evolving sub-market of Providence and a designated Qualified Opportunity Zone area.

We saw an opportunity to put an LP investor looking for long-term value appreciation with substantial tax benefits. This project benefits from strong multifamily fundamentals and proximity to multiple demand drivers such as the recent development of Wexford Science & Technology’s Innovation Center, a 191,000 SF office building, Brown University and the Cambridge Innovation Center – a technology-oriented coworking/startup incubation lab. Buckingham arranged the LP equity through a multi-billion dollar single family office which unlike the institutions does not have investing limitation of a tertiary market.

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