Iowa

Foundry

Ames, Iowa — ARTISAN Capital Group has acquired The Foundry, a 144-bed student housing community located near the Iowa State University campus in Ames. The community offers 53 units alongside shared amenities including a 24-hour fitness center, coffee bar, resident lounge, study and game rooms, bike storage and an underground parking garage. The property also features retail space leased to Starbucks Coffee, Potbelly Sandwich Shop and a campus apparel store. ARTISAN has tapped Haverkamp Properties to operate the community. The property was acquired from an undisclosed buyer and included the …

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TheView

Lincoln, Neb. and Ames, Iowa — Tailwind Group has acquired two student housing communities in Nebraska and Iowa. Acquisitions include South Duff Apartments, a 490-bed garden-style community located near Iowa State University in Ames; and The View, a 590-bed garden-style property serving students attending the University of Nebraska-Lincoln. Randall Calvert of TSB Realty brokered the acquisition of both properties from RCLCO. Terms of the transactions were undisclosed.  “Both assets fit very well in our value-add portfolio,” says Brandon Smith, vice president of operations and development with Tailwind Group. “We believe that …

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Madison-Ames

Ames, Iowa — PEP Investment Opportunities, a division of Pierce Education Properties, has acquired The Madison Ames, a 540-bed community serving students attending Iowa State University in Ames. Sean Baird and Jonathan Holt of Colliers arranged the acquisition from Rialto for an undisclosed price. Built in 2001, the community underwent $1 million in capital improvements in 2020, which included re-plastering the swimming pool, resurfacing the pool deck, replacing older A/C units and kitchen appliances, and sidewalk and parking lot upgrades. The property offers shared amenities including a 24-hour fitness center, …

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MJW-River-Landing

Coralville, Iowa — ARTISAN Capital Group and MJW Investments have acquired Latitude at River Landing, a 663-bed student housing community located near the University of Iowa in Coralville. The property was delivered in 2019 and will be rebranded The Banks – Student Living. Shared amenities include a swimming pool and jumbotron, hot tubs, study rooms, a fitness center, lounge, game room, full-size basketball court and 24-hour private campus shuttle service. JLL secured debt financing for the acquisition through Pacific Life. This is the second student housing acquisition by the partnership …

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Pierce-Madison

Ames, Iowa — Pierce Education Properties has acquired The Madison, a 540-bed  property serving students attending Iowa State University in Ames.  The community was built in 2001 and offers 144 units in a mix of three- and four-bedroom configurations. Shared amenities include a 24-hour fitness center, clubhouse, resort-style swimming pool and hot tub, a sand volleyball court, dog park, lighted basketball courts, a computer lab, coffee bar, tanning bed and a picnic and grilling area.  The seller and terms of the transaction were undisclosed. Financing for the aquisition was provided …

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Aspen-Ames

Ames, Iowa — Centurion Property Group has acquired Aspen Ames, a 422-bed student housing community located near the Iowa State University campus in Ames, for $25 million. Built in 2017, the property offers a mix of two-, three- and four-bedroom units with bed-to-bath parity across four buildings. Shared amenities include a state-of-the-art fitness center, game room, computer lab and a study room. Centurion plans to begin renovations on the community, to include the addition of a pet park and basketball court. Asset Living has been tapped to manage the property, …

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Chicago — CA Student Living, the student housing investment and development arm of CA Ventures, is opening six student housing communities this fall valued in excess of $550 million. The properties — which offer more than 3,000 beds — are located in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania. New openings include: Identity Miami, a 621-bed student housing community located three blocks from the Florida International University campus in Miami. The property offers one-, two-, three- and four-bedroom units. Shared amenities include a shuttle to campus; a 24-hour fitness and …

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Austin, Texas — HFF has arranged $92 million in financing for a three-property, 1,653-bed student housing portfolio in Iowa, Texas and South Carolina. Doug Opalka, Casey Wenzel and Michael Johnson of HFF worked on behalf of Austin-based Aspen Heights and Safanad to secure the three-year, floating-rate loan through a large institutional lender. Loan proceeds were used to refinance existing construction financing. Properties include Aspen Ames, a 422-bed, garden-style property located near Iowa State University; Aspen Houston, a 717-bed community located near the University of Houston; and Aspen Conway, a 514-bed property …

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