Fields Holdings Secured Financing for Corvallis Complex
The firm obtained a $94.8 million loan to build a 13-story student housing project in downtown Corvallis.
Updated on Oct. 5, 2026 in Construction
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Fields Holdings has secured $94.8 million in debt financing from Affinius Capital to construct a new high-rise student housing facility. Located at 516 South West Fourth Street, the project aims to address housing needs for the local student population.
Why it matters
The investment is fueled by rising enrollment figures at Oregon State University and a current scarcity of high-rise student housing options in the area. This development represents a significant addition to the local residential landscape for students.
The 13-story Zev Corvallis complex is slated to feature 262 units with 667 total student beds. The site will also incorporate 4,500 square feet of retail space.
The players
Fields Holdings
This is the real estate development firm responsible for leading the construction of the Zev Corvallis housing complex.
Affinius Capital
This investment firm acted as the lender by providing the construction loan for the development project.
Oregon State University
This is the major public research university located in Corvallis whose student body is driving demand for new housing.
The details
The Zev Corvallis project is currently planned for a site at 516 South West Fourth Street to serve the Oregon State University community. It is designed to bridge the gap in available housing infrastructure within the city.
Timeline
The project is scheduled for completion in fall 2028.
Market Landscape
This project underscores the ongoing demand for off-campus housing near major public universities. The development capitalizes on the trend of private equity investment in high-density student residential projects to address regional shortages.
Residents may see temporary traffic or logistical shifts near the 516 South West Fourth Street construction site as development progresses through 2028. Future students will eventually have access to 262 additional residential units in the heart of the city.
The takeaway
The addition of this high-rise complex represents a significant shift in the density of student-focused residential assets within Corvallis. Residents and local businesses should prepare for several years of construction activity as the project moves toward its 2028 finish.
Further reading
For more information on infrastructure developments in the region, visit the Construction section.
Source note: This article includes information reported by Commercial Observer.
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