Hawkins Way expands student housing bet with UWS buy
Hawkins Way Capital acquired the 382-unit Stratford Residence Hall at 117 West 70th Street in Manhattan for $80 million, leasing it back to AMDA College of the Performing Arts for 30 years. The West Coast investor has expanded its student housing portfolio with multiple high-value purchases across New York, California, and Berkeley in recent years.
Hawkins Way Capital, a West Coast real estate investor, has acquired the Stratford Residence Hall at 117 West 70th Street on Manhattan’s Upper West Side for $80 million. The property, previously owned by AMDA College of the Performing Arts, includes 382 units, marking a unit price exceeding $209,000. AMDA purchased the 10-story building in 1996 and has signed a 30-year leaseback agreement with Hawkins Way, though rental terms remain undisclosed. The deal follows Hawkins Way’s recent expansion into student housing, including a $46.25 million purchase of a 159-unit apartment complex in Berkeley in 2024 and a $154.5 million acquisition of a former migrant shelter in New York’s Financial District last year. The firm also sold a Manhattan property to the City University of New York for $125.6 million in 2025. Hawkins Way secured $64.1 million in acquisition financing for the latest purchase. The property, which previously served as a migrant shelter, will undergo repositioning by FCL Management to include amenities like community dining, workspaces, and a gym. This acquisition aligns with Hawkins Way’s strategy of targeting student-oriented real estate, as seen in its 2024 purchase of a 122-unit property in Manhattan from The New School. The firm’s portfolio now spans multiple high-demand student housing markets across the U.S.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.