LJ Group, Cresco Capital Group to Develop 552-Unit Student Housing Community in Berlin
The LJ Group recently announced it has committed a total of €100 million of equity (about $135 million) to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt.
The two companies have partnered to develop and invest in student housing in Germany’s important university cities. On July 17, the partnership announced its first acquisition, a large landmark building in Berlin’s Frankfurter Tor area.
The building is located at Frankfurter Tor 8a. It stands six stories high and has about 242,000 square feet of space …