#United States #Newark #FOUND Study #Hawkins Way Capital #FCL Management

Hawkins Way Capital Expands Its Portfolio with Newark Acquisition

In a strategic move to enhance student living options, Hawkins Way Capital has officially acquired the University Centre in Newark, New Jersey, which will serve as the first FOUND Study location in the state. With a firm commitment to providing well-designed, amenity-rich housing, Hawkins Way Capital continues its expansion in the real estate sector, adding this latest acquisition to its impressive portfolio valued at $3 billion in assets.

The FOUND Study Brand Comes to Newark

The newly acquired property features a substantial 521-bedroom setup that can soon accommodate up to 800 beds, designed to cater to students from local institutions like Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University. This signifies a vital addition to the educational landscape of the region, providing a quality living environment that promotes not just comfort but also community engagement among students.

Ross Walker, Managing Partner at Hawkins Way Capital, expressed enthusiasm about this acquisition, stating, "The acquisition of University Centre reflects our commitment to enhancing the student living experience with well-designed, amenity-rich housing. Located in a thriving neighborhood, this school-adjacent property offers an efficient environment that blends comfort, community, and convenience."

Top-tier Amenities for Student Convenience

University Centre boasts an array of impressive amenities that are geared toward student needs and overall well-being. Among these features are:

• - Fully Equipped Kitchens: Each apartment comes with modern appliances and hardwood-style flooring, ensuring residents enjoy a cozy and functional living space.
• - Fitness Facilities: A 24-hour fitness center is available, equipped with a variety of strength and cardio machines, catering to health-conscious students who want to maintain an active lifestyle.
• - Recreational Spaces: The property offers entertainment options including a theater room and recreation rooms furnished with billiards and ping pong tables, promoting social interaction and leisure activities.
• - Academic Support: A dedicated 24-hour Academic Success Center provides resources for studying, featuring iMacs, PCs, and free printing services, underscoring the focus on academic achievement.
• - Convenience Factors: On-site laundry facilities, garage parking, bike storage, and high-speed internet access enhance the overall living experience for residents.

Situated in the heart of University Heights, the University Centre not only ensures easy access to essential academic institutions but also is conveniently located near a selection of restaurants, retail outlets, and entertainment venues. This prime location enhances the appeal for students seeking a balanced living experience during their college years.

Future Enhancements and Management

This new FOUND Study property will be under the management of FCL Management, recognized for their operation of hospitality and housing assets across key metropolitan areas in the United States. They currently manage around 6,000 beds, demonstrating their capability in providing high-quality living environments tailored for students.

Conclusion

The establishment of FOUND Study Newark at University Centre is poised to set a new standard for student housing in New Jersey. By combining modern amenities with a focus on safety and community, Hawkins Way Capital is dedicated to creating spaces that not only support academic success but foster community and interaction among residents. For those interested in learning more about Hawkins Way Capital and their initiatives, visit www.hawkinsway.com.

As the demand for quality student housing continues to grow, the addition of such a well-equipped facility in Newark is a substantial step towards addressing the needs of students in the region, ensuring they can thrive both academically and socially during their university years.