Rexburg, Idaho — Marcus & Millichap has arranged the sale of an eight-property, 1,546-bed student housing portfolio located near Brigham Young University-Idaho in Rexburg.
Each of the properties is located one or two blocks away from the university’s campus. Acquired properties include Somerset, offering 288 beds; Alpine Chalet, offering 252 beds; Brookside Village, offering 146 beds; Rockland, offering 238 beds; Autumn Winds, offering 120 beds; Georgetown, offering 72 beds; Birchwood, offering 24 beds; and Birch Plaza, offering 406 beds. Danny Shin and Brock Zylstra of Marcus & Millichap represented the seller, a Seattle-based firm, and procured the buyer, an undisclosed company based in Utah, in the transaction. Terms of the sale were undisclosed.