Lafayette, La. — Alpha Capital Partners has acquired University Place, a 342-bed student housing community located near the University of Louisiana at Lafayette. This acquisition is the second of five identified projects in the company’s Opportunity Zone Fund, which was launched last October in an effort to take part in the opportunity zone program implemented by the Tax Cuts and Jobs Act of 2017. University Place offers access to campus through a private pedestrian bridge, alongside shared amenities including a 24-hour fitness center, swimming pool and a cyber cafe. The new ownership plans to invest significant capital into repositioning the property, details of which have yet to be announced. The seller and terms of the transaction were undisclosed.
Alpha Capital Partners Acquires 342-Bed Community Near the University of Louisiana at Lafayette