Boehly's Lender Funds Manchester Student Housing

Vita has borrowed £1.1 billion from Eldridge over the past five years. Eldridge Real Estate Credit, part of Todd Boehly’s investment firm, has provided significant financing for Vita’s projects.

Recent Financing Details

£146 million loan to Vita for the Vita Student First Street project in Manchester.
The development features 861 beds across 170,000 square feet in Manchester’s First Street regeneration zone.
Construction has commenced and received Building Safety Act approval.
Projected completion date is June 2028, ahead of the 2028-2029 academic year.

Project Performance and Partnership

Vita’s Manchester student accommodations maintain occupancy rates between 95% and 99%. Since 2020, Eldridge and Vita have collaborated on 10 developments in the UK and Spain, creating over 7,500 beds. The total debt on these assets is £1.1 billion.

Financial Scope of Eldridge

Since 2020, Eldridge Real Estate Credit has issued around $10 billion (£7.6 billion) in loans across the US, UK, and Europe, including various types of debt.

Formerly part of Cain International, Eldridge now handles debt, while Cain, co-owned by Todd Boehly and Jonathan Goldstein, manages equity investments.

Summary: Todd Boehly’s Eldridge has financed over £1 billion worth of UK student housing projects, including the major Manchester development, signaling a strong strategic focus on property investment and development.

Bisnow — 2025-11-19