Hawkins Way Capital acquires University Centre Newark, expands FOUND study brand in New Jersey

Hawkins Way Capital, a real estate investment firm with $3 billion in assets under management, has announced its latest acquisition, University Centre Newark, a premier student housing facility in Newark, New Jersey. The newly acquired property is now operating as FOUND Study Newark at University Centre, marking the brand’s first location in the state. This strategic expansion is designed to enhance the student living experience for attendees of Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University.

Strengthening Student Housing Investment in Newark

With the acquisition of University Centre, Hawkins Way Capital is expanding its student housing investment strategy, focusing on well-located, high-quality accommodations that offer convenience and amenities tailored to students’ needs. The property, originally designed as a purpose-built student housing facility, includes 521 bedrooms configured into 235 two-bedroom and three-bedroom apartments. Currently housing 690 beds, the complex is set to expand to 800 beds in the near future.

This move reflects Hawkins Way Capital’s commitment to acquiring and repositioning properties that align with its long-term real estate strategy, emphasizing modern student accommodations with high-end amenities.

Why University Centre Newark Was a Strategic Acquisition

The University Centre property is situated in Newark’s University Heights, an area recognized for its proximity to major academic institutions and urban amenities. The demand for affordable, high-quality student housing has been rising, driven by increasing enrollment at Rutgers University-Newark and the New Jersey Institute of Technology. By integrating University Centre into its portfolio, Hawkins Way Capital aims to elevate the standard of student housing in the region, providing a community-driven living experience.

A Comprehensive Living Environment for Students

FOUND Study Newark at University Centre is designed to cater to the evolving expectations of students who seek more than just a place to live. The property features state-of-the-art amenities to support both academic and social engagement. The housing complex includes a 24-hour fitness center with modern strength training and cardio equipment, a theater room, multiple academic success centers with iMacs, PCs, and free printing, and recreation rooms equipped with billiards and ping pong tables.

Additional conveniences such as garage parking, bike storage, high-speed internet access, and on-site laundry facilities further enhance the student living experience. By offering these features, the property creates an environment where students can focus on their studies while enjoying a comfortable, secure, and well-equipped residential community.

Management and Future Enhancements

The operational transition of University Centre Newark into a FOUND Study property is being overseen by FCL Management, a company specializing in student and hospitality housing management across major metropolitan areas. With expertise in managing 6,000 beds nationwide, FCL Management ensures that the FOUND Study brand continues to uphold its reputation for providing high-quality student accommodations.

The property’s integration into the FOUND Study network represents an opportunity to implement further enhancements in property maintenance, security, and resident services. By leveraging proven management strategies, FCL Management aims to create a cohesive student community that fosters academic success and social interaction.

Hawkins Way Capital’s Expanding Footprint in Student Housing

Hawkins Way Capital has been steadily increasing its presence in the student housing market, targeting properties in prime academic locations that offer strong long-term investment potential. By focusing on value-add real estate strategies, the company aims to improve existing housing infrastructure and provide students with modern, well-maintained residences.

The expansion of the FOUND Study brand into New Jersey signifies a broader strategy to position Hawkins Way Capital as a leader in student housing investment. The company’s portfolio growth is expected to continue as demand for quality student accommodations remains strong in competitive academic markets.

Impact on the Newark Student Housing Market

The addition of FOUND Study Newark at University Centre is expected to influence the Newark student housing market by setting a new standard for student accommodations. With a growing student population and increasing competition among housing providers, the focus on amenity-rich student housing is likely to shape future developments in the area.

Hawkins Way Capital’s investment in Newark underscores the broader trend of private real estate firms entering the student housing sector, recognizing its resilience and potential for long-term growth. By improving existing properties and integrating modern amenities, firms like Hawkins Way Capital are redefining the student living experience.

The Future of Student Housing in Newark

As the demand for affordable, high-quality student housing continues to rise, investments like the University Centre acquisition demonstrate the evolving landscape of student accommodations. With FOUND Study Newark at University Centre now established, Hawkins Way Capital is set to enhance student living standards while contributing to the growth of the Newark student housing market.

With a focus on community engagement, academic support, and modern amenities, the property’s transformation is expected to attract students seeking convenience, security, and a vibrant residential experience. This strategic move reinforces Hawkins Way Capital’s commitment to expanding student housing investments and maintaining high-quality student accommodations for years to come.