Columbia, Mo. — A joint venture between Centurion Property Group and Ideas en Desarrollo (IDE) has acquired Grindstone Canyon, a 384-bed student housing community located near the University of Missouri campus in Columbia. Developed in 2003, the property offers a mix of one-, two- and three-bedroom fully furnished units. Shared amenities include a swimming pool, study lounge and fitness center. The new ownership plans to implement capital improvements, details of which were not disclosed. The acquisition of the property from an undisclosed seller was brokered by CBRE.
Joint Venture Acquires 384-Bed Community Near the University of Missouri