University of Indianapolis

Overview

Deal Type Debt Capital Markets
Size $79.5 Million
Indiana Finance Authority Tax-Exempt Student Housing Revenue Bonds
Client & Transactional Partners University of Indianapolis
Provident Resources Group
Our Role Sole Manager

Summary

KeyBanc Capital Markets served as Sole Manager on $79.5 million Indiana Finance Authority Tax-Exempt 501(c)(3) Student Housing Revenue Bonds (PRG-UINDY Properties LLC) Series 2025. The Series 2025 Bonds primarily finance the costs of acquiring three apartment-style student housing facilities (the Project) located on land owned by the University of Indianapolis. 

The Project will be owned and operated by PRG-UINDY Properties LLC, an Indiana limited liability company, whose sole member is Provident Resources Group Inc. The three housing facilities are the Greyhound Village apartment complex (480 beds), the University Lofts apartment complex (300 beds), and the College Crossing apartment complex (168 beds). The properties represent the only apartment-style student housing on or near campus. Proceeds will be used to fund required reserves and pay cost of issuance.

KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC (“KBCMI”), and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank N.A.

Recent Deals

September 2026

glp

partnered with

asc

Exclusive Financial Advisor

glp-canada-ltd
September 2026

icario

acquired by

vitality

Sell-Side Advisor

icario-acquired-by-vitality
September 2026

Spirit Lake Tribe

$60 Million

Senior Secured Tax-Exempt Credit Facility (Secured by Health Services Revenues)

Sole Lender
Structuring Agent

spirit-lake-tribe
August 2026

mastec

$650 Million

Senior Notes

Senior Co-Manager

mastec-inc
August 2026

myers industries

divested

myers tire supply

to

lion equity partners

Exclusive Sell-Side Advisor

myers-tire-supply
August 2026

warhorse

$40 Million

Incremental Senior Secured Credit Facility

$340 Million

Aggregate Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner
Syndication Agent

warhorse-gaming-llc
August 2026

ridge care

Portfolio of 6 seniors housing properties

acquired by

aventas

Exclusive Sell-Side Advisor

ridge-care-senior-living
August 2026

ameren illinois

$400 Million

First Mortgage Bonds

Active Joint Bookrunner

ameren-illinois-company
August 2026

safeway

a portfolio company of

cs industrial

acquired by

point 41

Exclusive Sell-Side Advisor

safe-way-garage-doors
August 2026

bookmark

acquired the Michigan assets of

villagemd

Buy-Side Advisor

bookmark-medical-village-medical
July 2026

avantus

$1.05 Billion

Corporate Credit Facility

Lead Arranger

avantus
July 2026

bdi

received a strategic growth investment from

kelso

Exclusive Financial Advisor

bearing-distributors-inc
July 2026

via

VIA

$16.5 Million

Freddie Mac (Floating-Rate Loan)

via
July 2026

pointe grand byron

Pointe Grand Byron

$44.9 Million

Freddie Mac (Floating-Rate Loan)

pointe-grand-byron
July 2026

mont 44

Mont 44

$16.6 Million

Freddie Mac (Floating-Rate Loan)

mont-44
July 2026

lithia springs estates

Lithia Springs Estates

$15 Million

Fannie Mae (Fixed-Rate Loan)

lithia-springs-estates
July 2026

evolution

and

true sports

combined and acquired by

o2

Advisor

evolution-physical-therapy
July 2026

strive medical

acquired by

cardinal health

Sell-Side Advisor

strive-medical-cardinal-health
July 2026

bethel retirement community

Bethel Retirement Community

$17.25 Million

Life Company

bethel-retirement-community
July 2026

brookdale portfolio

Brookdale Portfolio

$185 Million

Freddie Mac (Fixed-Rate Loan)

brookdale-portfolio
July 2026

villages of windcrest

The Villages of Windcrest

$11 Million

Life Company

the-villages-of-windcrest
July 2026

american greetings

a portfolio company of 

elliot

american greetings

$1.1 Billion

Revolving Credit Facility, Senior Secured Term Loan B, Senior Secured Notes

Joint Lead Arranger
Joint Bookrunner

american-greetings
July 2026

Stop & Stor - Bay Ridge

$18 Million

CMBS Fixed-Rate Loan

stop-stor-bay-ridge
July 2026

myers industries

$500 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner
Co-Syndication Agent

myers-industries
July 2026

little arrow outdoor resort

Little Arrow Outdoor Resort

$17.9 Million

CMBS Fixed-Rate Loan

little-arrow-outdoor-resort
July 2026

tulalip

$250 Million

Senior Secured Credit Facilities

Sole Lead Arranger
Sole Bookrunner
Administrative Agent

tulalip-tribes-of-washington
July 2026

the campus

The Campus

$19.3 Million

CMBS Fixed-Rate Loan

the-campus
July 2026

exus renewables

$356 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent
Collateral Agent
Depositary Agent

exus-renewables-pa
July 2026

us fertility

$1.068 Billion

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner
Administrative Agent

us-fertility-senior-secured-credit
July 2026

athenahealth group

$1.038 Billion

Senior Secured Add-on Term Loan

$500 Million

7.5% Senior Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

athenahealth-group
July 2026

newark public schools

$112 Million

Senior Secured Loan Facility

Sole Lead Arranger

newark-public-schools
July 2026

Forgent Power Solutions, Inc.

$2.5 Billion

Follow-On Offering

Joint Bookrunner

forgent

Connect With Us

Find an Expert