Crestline Investors, Inc. ("Crestline"), a leading provider of fund liquidity solutions, has successfully completed a $40 million Net Asset Value ("NAV") loan upsize to a repeat borrower and global leading provider of Purpose Build Student Accommodation ("PBSA") (the "Borrower"). This transaction builds on an initial $30 million nav loan made by Crestline in July 2021, Project Jersey.
Since closing Project Jersey, the Borrower has executed on their plan and expanded its portfolio, increasing diversification within Crestline's collateral pool.
The additional proceeds from the upsized facility provide the Borrower with capital to continue making accretive investments in Western Europe, with newly acquired assets entering the collateral pool. The facility is now secured by an expected 90+ assets across the U.S. and Western Europe -more than double the number originally underwritten in 2021.
Leveraging its deep experience with real estate borrowers and familiarity with this portfolio through the prior transaction, Crestline was able to support the upsized facility and enable the Borrower to act on a targeted acquisition of a student housing portfolio in a supply-constrained market
"We have observed attractive opportunities within real estate, where managers have been able to act on accretive transactions in the current market dislocation," said David Couch, Director at Crestline. "Having previously underwritten this portfolio gave us a clear view of the dynamics and the sponsor's execution, which enabled us to support an upsized facility and potentially further diversify our collateral base"
With a strong track record in NAV-based lending and a commitment to delivering tailored, capital-efficient solutions, Crestline remains an experienced partner for managers navigating today's evolving private markets.
About Crestline Investors
Crestline Investors, Inc. is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of assets under management (as of June 30, 2025) including its capital solutions, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("FP Order"); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
