Insights > Deals
Hawkins Way Capital and Värde Partners acquire 268‑bed Loeb Hall
17 August 2026 | Asset Acquisition | US | 268 beds | Operational
The Union Square residence extends the joint venture's FOUND Study footprint in one of Manhattan's most supply‑constrained student markets.
Key details
Asset type | Operational |
Location | New York, US |
Capacity | 268 beds |
Seller | The New School |
Buyer | Hawkins Way Capital / Värde Partners |
Value | US$51.5 million |
Source: PR Newswire
The joint venture acquired the former Loeb Hall at 131‑135 East 12th Street from The New School for US$51.5 million. The purpose‑built residence provides 268 beds near New York University, The New School, Cooper Union and other Manhattan institutions.
Hawkins Way Capital plans to renovate and reposition the building under its FOUND Study platform, with flexibility for both direct leases and master lease arrangements.
Strategic context
The acquisition is the joint venture's third Manhattan student housing purchase in recent months and deepens operating scale for FOUND Study in a high‑barrier urban market. Repositioning an existing residence allows the platform to add capacity faster than a ground‑up development while preserving leasing flexibility across individual students and institutional partners.
For The New School, the disposal releases capital for academic priorities while transferring the asset to a specialist student housing operator.
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