| Last Updated ( 08/02/2012 19:50 ) | |
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| Colliers International Student Housing Group Sells Illinois Community, Lists Kentucky Property |
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Dorothy Jackman and Travis Prince of Colliers International Student Housing Group also recently represented Bridge Partners in the purchase of Indigo Place, a 192 unit, 588-bed student housing community in Savoy, Ill., catering to the students of the University of Illinois-Champaign/Urbana. This acquisition aligns with Bridge Partners' strategy to build out its student housing portfolio and pursue value-add and distressed deals throughout the country.
Bridge Partners plan to invest approximately $900,000 to reposition the property by enhancing the exterior appearance, and updating the clubhouse, swimming pool, fitness center and game room. Tampa, Fla.-based Landmark Residential was the seller.
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