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Bethlehem, Pa. — HFF has arranged the $30 million sale of a 71-building, 383-bed student housing portfolio at Lehigh University in Bethlehem.
HFF represented the seller, Campus Apartments, in the transaction. A private investment vehicle managed by Hong Kong-based Beacon Assets purchased the property free and clear of existing debt. The portfolio has achieved close to 99 percent occupancy during the last two academic years.