Hawkins Way Capital Acquires Newark at University Centre, to Become the Newest FOUND Study Location in New Jersey

New Addition to the FOUND Study Brand in Newark to be Operated by FCL Management

BEVERLY HILLS, Calif., Feb. 26, 2025 /PRNewswire/ -- Hawkins Way Capital, a fully vertically integrated real estate company with $3 billion of assets under management, announces its newest acquisition of 521-bedroom University Centre Newark in Newark, New Jersey. The latest addition to Hawkins Way Capital's rapidly growing portfolio will become the first FOUND Study in New Jersey and serve students from Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University. As of today, the University Centre property is operating as FOUND Study Newark at University Centre. This FOUND Study property is managed by FCL Management, an operator of hospitality and housing assets in select metros across the U.S. managing 6,000 beds across the portfolio.

"The acquisition of University Centre reflects our commitment to enhancing the student living experience with well-designed, amenity-rich housing," said Ross Walker, Managing Partner, Hawkins Way Capital. "Located in a thriving neighborhood, this school-adjacent property offers an efficient environment that blends comfort, community, and convenience."

University Centre is a premier purpose-built student housing facility with 235 two-bedroom and three-bedroom apartments, each featuring hardwood-style flooring and fully equipped kitchens with appliances. The property's 521 bedrooms will soon accommodate 800 beds, increasing from the current 690. Its impressive array of amenities includes a 24-hour fitness center with strength equipment, cardio machines, and free weights; a theater room; 24-hour recreation rooms with billiards and ping pong; and a 24-hour Academic Success Center complete with iMacs, PCs, and free printing. Additional conveniences such as on-site laundry facilities, garage parking, bike storage, and high-speed internet access ensure a comfortable living experience. Ideally situated in the heart of University Heights, University Centre provides convenient access to Rutgers University-Newark, the New Jersey Institute of Technology, and Seton Hall University, as well as nearby restaurants, retail, and entertainment.

Hawkins Way Capital's successful FOUND Study brand is committed to enhancing the student living experience by providing safe, well-maintained spaces that can support academic success. For more information about Hawkins Way Capital, please visit: www.hawkinsway.com 

About Hawkins Way Capital
Hawkins Way Capital is a fully vertically integrated real estate company with $3 billion of assets under management, focusing on value-add and opportunistic investments across various asset classes and geographies. The company seeks niche theses targeting attractive risk-adjusted returns, leveraging the principals' investing experience and extensive network to execute strategies that offer long-term value. www.hawkinsway.com

About FCL Management
FCL Management is an operator of high-performing assets in select metros across the U.S. managing 6,000 beds across the portfolio. With the expertise of a hands-on team, the company works with leading hotel brands and academic institutions to create tailored solutions across its portfolio of hotels, multifamily residences, and student housing. www.fclmgmt.com 

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SOURCE Hawkins Way Capital