Deacon’s Station

Winston-Salem, NC

Student Housing – Refinance

Deacon’s Station

STUDENT HOUSING – REFINANCE

ACRES has acquired a $19 million loan to refinance Deacon’s Station, a premier student housing community located in Winston-Salem, North Carolina. This financing will further support the growth and enhancement of this key asset within our real estate portfolio.

Deacon’s Station is a 300-bed student housing facility located approximately 1.2 miles from the prestigious Wake Forest University and a short 5-minute drive from Winston-Salem State University, positioning it as an ideal residence for students attending these institutions. The property offers convenient access to academic campuses as well as the amenities and resources of the surrounding Winston-Salem area.

Property features include:

16 two-story townhome-style student housing buildings
75 four-bedroom units, accommodating a total of 300 beds
A single-story clubhouse
A single-story pool house

$19 million

Loan Amount

Bridge Loan

Loan Product

RELATED TRANSACTIONS

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LAND – REFINANCE

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MULTIFAMILY – ACQUISITION

2538 Durant Avenue

STUDENT HOUSING - DEVELOPMENT

Construction • Bridge • Permanent

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