ARTISAN, EOS Residential Acquire 537-Bed Community Near Iowa State University 

by Katie Sloan

Ames, Iowa — A joint venture between ARTISAN Capital Group and EOS Residential Investors has acquired Union on Lincoln Way, a 537-bed student housing community located near the Iowa State University campus in Ames. Built in 2018, the property offers 177 fully furnished units in studio through five-bedroom configurations. Shared amenities include a swimming pool, fitness center, business center and study rooms. The development also features 11,000 square feet of retail space. Haverkamp Properties has been tapped to manage the community, which will be rebranded 2700 Lincoln. Improvements to the property’s amenity and common spaces are planned by the new ownership. Peter Katz of Institutional Property Advisors (IPA) represented the seller, Greystar, in the disposition of the property for an undisclosed price. IPA is a division of Marcus & Millichap. TSB Capital Advisors arranged acquisition financing and advised on the joint venture partnership. Freddie Mac provided financing through Capital One. 

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