GMH Capital Partners and Wexford Science & Technology Celebrate Grand Opening of River House Apartments in Providence, Rhode Island

Rhode Island Governor Gina Raimondo to perform ribbon cutting and
deliver remarks at the June 20 ceremony

NEWTOWN SQUARE, Pa.–(BUSINESS WIRE)–GMH
Capital Partners, L.P.
(“GMH”) and Wexford Science & Technology, LLC
(together, the “Partnership”) announced today the grand opening ceremony
for River
House
located at 1 Point Street in Downtown Providence’s Innovation
and Design District
. Gina Raimondo, Governor of Rhode Island, will
cut the ribbon at the 270-bed apartment community on June 20 at 1:00
p.m. The ceremony will include remarks by Governor Raimondo, President
of GMH Gary Holloway, Jr., and Secretary of Commerce Stefan Pryor
followed by a reception at the property. Additional notable guests
include Mayor of Providence Jorge Elorza and Brown University Executive
Vice President for Planning and Policy Russell Carey.


River House is an exceptional, brand-new riverfront apartment community
overlooking the Providence River on South Street Landing, with close
proximity to Brown University, Johnson & Wales University Providence
Campus, Rhode Island School of Design, Rhode Island Nursing Education
Center, and the University of Rhode Island. For Brown students, River
House is conveniently located within walking distance from its College
Hill campus and from the Warren Alpert Medical School, School of
Professional Studies, Laboratories for Molecular Medicine, School of
Public Health, and Brown University Shuttle stops. GMH started leasing
the 174-unit residence in February 2019 and residents have already
started moving in. The surrounding live, work, play community makes
River House an ideal housing option for young professionals, and medical
and graduate students alike.

“With over three decades in the business, GMH recognizes the specialized
needs of young professionals and higher education students in today’s
environment. River House’s stylish and modern apartments were designed
with a focus on convenience and comfortability to appeal to their busy
lifestyles and schedule demands,” said Holloway. “We are proud to be a
part of the Providence Innovation and Design District and South Street
Landing’s incredible transformation and look forward to officially
opening River House’s doors alongside our partners and local
dignitaries.”

“The Knowledge Community we are developing in Providence that includes
our South Street Landing and Innovation Center buildings, becomes a true
live, work, play, learn environment with the addition of River House
Apartments and the vibrancy, activation, and amenities it offers the
Innovation and Design District,” said Dan Cramer, President of Wexford
Science & Technology.

The apartment community offers fully furnished and pet-friendly studio,
one-bedroom, and two-bedroom options that can be leased by unit or by
individual bedroom. Residents enjoy spacious floor plans and upscale
in-unit amenities including designer bathrooms with walk-in showers;
washers and dryers; complimentary ultra high-speed Wi-Fi; and mobile and
smart technology with a mobile video interactive intercom system, a
mounted living room smart TV, and Amazon Echo capability features.
Community amenities include a 24-hour health and fitness center; a
rooftop lounge with a fire pit and gourmet outdoor grilling and kitchen
bar; a business center with PCs, Macs, and printers; group meeting and
private study rooms; a cyber cafe with a complimentary coffee bar; and
on-site retail and restaurants. Residents have access to an off-site,
structured parking garage with car-charging stations and indoor bike
storage. River House also provides direct riverfront access, giving
residents the ability to tie up water vehicles (such as boats and
kayaks) right on the water.

“The opening of River House adds to the Jewelry District’s essential
housing space, a critical factor in continuing the neighborhood’s
transformation into a vibrant, mixed-use environment home to a thriving
blend of academic, economic and residential activity,” Carey said.
“Wexford and GMH have brought to life a vision that started with Brown’s
need for more graduate and medical student housing. The project will
benefit not only students and other residents of River House, but all
who live, work or study in the growing Innovation and Design District as
well.”

If you are interested in attending the River House grand opening
ceremony please contact Rachel Giltz at rachel@gregoryfca.com
or 215-297-3607. Those interested in learning more about River House or
filling out a rental application can visit myriverhouse.com
or call 401-859-2390.

About GMH Capital Partners & GMH University Housing

GMH Capital Partners, L.P. is a nationally recognized leader in the
commercial real estate market, specializing in the areas of investment,
development, construction, and asset management. GMH has developed and
acquired over $8 billion of commercial real estate in the United States
since its inception. The firm’s investment strategy is heavily focused
on the multi-family sector with over 190 investments in its portfolio.
For more information, visit www.gmhcp.com.

GMH University Housing is the student housing management division of
GMH. GMH University Housing draws on over 33 years of experience in
managing student housing assets across the nation, spanning over 35
states and accounting for over 85,000 beds owned and/or managed. Visit www.gmhuniversity.com.

About Wexford Science & Technology

Wexford Science & Technology, LLC, provides real estate strategies and
solutions exclusively to universities, academic medical centers, and
research institutions. Wexford works collaboratively with its partner
institutions to help create and develop vibrant, mixed-use, amenity-rich
Knowledge Communities that are built on a foundation of research,
discovery, entrepreneurial activity, and corporate engagement.

Knowledge Communities operate as a nexus for leveraging academic
intellectual capital, innovation, and infrastructure; concentrating
talent, resources, and service providers; and enabling pathways for
corporate collaboration, startup creation and growth, place-based
networking and idea exchange. www.wexfordscitech.com

Contacts

Press Contact:
Britni Coe
Gregory FCA
bcoe@gregoryfca.com
610-228-2097

Company Contact:
Sara Kosteva
GMH Capital Partners
skosteva@gmhcp.com

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