Blue Vista, Clarion Partners Acquire 2,787-Bed Student Housing Portfolio

Chicago and New York City — A joint venture between Chicago-based Blue Vista Capital Management and New York City-based Clarion Partners has acquired a four-property student housing portfolio totaling 2,787 beds. Columbus Pacific Group sold the properties for an undisclosed price. The acquisition included two adjacent student housing communities offering a total of 1,124 beds near the Pennsylvania State University campus in University Park; a 309-bed community serving students attending the College of Charleston in South Carolina; and a 1,354-bed property located near the Texas A&M University campus in College Station. The properties offer amenities including swimming pools, fitness centers, dog parks, sports courts and game rooms. The properties will be managed by PeakMade Real Estate. The transaction was brokered by TSB Realty with debt placement services provided by TSB Capital Advisors.