First Citizens Bank Provides $48M for GTIS-owned, Aspen College Park, a 129-unit, 432-bed Maryland student housing community

1/31/2025

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Connect CRE

• Subcategory: Capital Markets: Debt, MF: Student

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Loan

• Company: First Citizens Bank, GTIS Partners

First Citizens Bank’s Commercial Real Estate business has provided $47.7 million for Aspen College Park, a student housing facility at the University of Maryland in College Park.

Owned by an affiliate of GTIS Partners and developed by Aspen Heights Partners, the facility is located at 4205 and 4206 Knox Road. It offers 129 units with a total of 432 beds and 136,135 rentable square feet.