Insights > Deals
UC Irvine expansion secures $191.38 million in tax‑exempt bonds
22 October 2026 | Loan | US | 1,067 beds | Development
A new bond issue will finance Phase V of UC Irvine's East Campus Apartments for undergraduate and postgraduate students.
Key details
Asset type | Development |
Location | Irvine, US |
Capacity | 1,067 beds |
Borrower | CHF‑Irvine, LLC |
Lender | Undisclosed |
Operator | American Campus Communities |
Value | $191.38 million |
CSCDA has issued $191.38 million in tax‑exempt revenue bonds to finance Phase V of the East Campus Apartments at UC Irvine, with Barclays and Orrick involved in the transaction. Owned by CHF‑Irvine and operated by American Campus Communities, the new phase will deliver approximately 1,067 beds for undergraduate and postgraduate students.
Strategic context
This transaction builds on the established partnership between CHF‑Irvine and American Campus Communities that has delivered more than 7,600 beds across four phases from 2005 to 2023. By combining tax‑exempt bond financing with specialised private management, the project expands accommodation capacity for both undergraduate and postgraduate students at UC Irvine.
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