Hawkins Acquires University Centre Newark, Expanding Student Housing Footprint in New Jersey

Hawkins Way Capital Expands Student Housing Footprint with University Centre Newark Acquisition

Hawkins Way Capital, a vertically integrated real estate firm managing $3 billion in assets, has successfully acquired the University Centre Newark, marking a significant expansion for its FOUND Study brand. This 521-bedroom student housing facility, strategically positioned to cater to students from Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University, will become the first FOUND Study property in New Jersey. The facility's management is entrusted to FCL Management, a company recognized for overseeing 6,000 beds across the United States. This acquisition underscores Hawkins Way Capital's commitment to enhancing student living, providing a well-equipped and supportive environment for its residents.

Designed specifically for student needs, the University Centre Newark offers a range of modern amenities and living options, including 235 two-bedroom and three-bedroom apartments featuring hardwood-style flooring and contemporary kitchens. The property is set to increase its capacity to 800 beds, demonstrating Hawkins Way Capital’s proactive approach to meeting the growing demand for quality student accommodations. Beyond the living spaces, the facility boasts a 24-hour fitness center, a theater room, recreation rooms with billiards and ping pong, and an Academic Success Center equipped with computers and free printing services. These amenities are designed not only to enhance the student experience but also to foster a sense of community among residents.

Located in the vibrant University Heights area, the University Centre Newark provides easy access to local dining, retail, and entertainment options, further enriching the student lifestyle. Ross Walker, Managing Partner at Hawkins Way Capital, emphasizes that the acquisition reflects their dedication to creating comfortable, community-oriented housing for students. By investing in properties like the University Centre, Hawkins Way Capital continues to solidify its position in the student housing market, aiming to improve living standards for students across the nation.

In addition to the acquisition, the expanded capacity at University Centre Newark highlights Hawkins Way Capital's strategic growth in the sector. The firm’s focus on amenity-rich environments aligns with current trends in student housing, where quality and accessibility are paramount. As the demand for student accommodations continues to rise, Hawkins Way Capital is well-positioned to meet these needs through its innovative and well-managed properties.

The acquisition of the University Centre Newark is a testament to Hawkins Way Capital's commitment to enhancing the standard of student living. By prioritizing well-designed facilities with ample amenities, the company not only improves students' day-to-day experiences but also contributes to their overall academic success and community engagement.