JLL secures $63.75M refinancing for The Vista Starkville student housing property

CHICAGO, June 11, 2026 –  JLL Capital Markets announced today that it has arranged a $63.75 million refinancing for The Vista Starkville, a 309-unit, 820-bed student housing community serving Mississippi State University.

JLL represented the borrower, Student Quarters, in securing the three-year, floating-rate loan from QuadReal Property Group, a global real estate investment, development and operating company.

Built in 2019, The Vista Starkville is positioned as Mississippi State's premier luxury student housing option, located just half a mile from campus. The property features a diverse unit mix ranging from studios to five-bedroom configurations, with an average unit size of 1,000 square feet. Currently 97% occupied for the 2025-2026 academic year, The Vista offers students premium amenities including a fitness center, social lounge, resort-style pool with jumbotron, and private resident parking.

The property includes ground-floor retail space occupied by Boardtown Pies & Pints, a locally owned Neapolitan-inspired restaurant featured on "Barstool Pizza Reviews" in 2025 and declared the "best pizza in Starkville."

Mississippi State University is experiencing strong momentum with record-setting enrollment of 23,563 for the 2025-2026 academic year, reflecting nearly 11% growth over the past decade. The university holds the prestigious Carnegie R1 Research Classification, a designation awarded to fewer than 5% of universities nationwide. With a $3.9 billion annual economic impact, Mississippi State recently doubled its fundraising campaign goal to raise $4 billion over the next eight years to support academic innovation, campus infrastructure, student scholarships, and research initiatives.

JLL Capital Markets’ Debt Advisory team representing the borrower was led by Senior Managing Director Gregg Shapiro, Senior Director Mike Brady, Director Sam Tarter, Senior Analyst Christian Johnston, and Associate Connor McCarthy.

"The Vista Starkville represents best-in-class student housing serving one of the Southeast's most dynamic university markets," said Shapiro. "The property's excellent location, strong occupancy performance, and Student Quarters' proven operational platform made this an attractive refinancing opportunity for lenders."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Student Quarters is a nationally recognized owner and operator with more than $1.3 billion in assets under management and over 12,000 beds under management. The vertically integrated platform combines acquisitions expertise, asset management and property operations, delivering exceptional returns through a track record spanning more than a decade since 2013.

QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here.