RRA/GREA, Triad Arrange Sale of 348-Bed Student Housing Community Near Missouri State University

Springfield, Mo. — Rittenhouse Realty Advisors/GREA and Triad Real Estate Partners have arranged the $25.7 million sale of The Vue on Walnut, a 348-bed student housing property near Missouri State University. The property is located at 430 E. Walnut St. in downtown Springfield and was built in 2019 by the seller, St. Louis-based Cornerstone Development. The buyer was Atlanta-based Student Quarters. Chicago-based Triad Partners and Philadelphia-based Rittenhouse Realty Advisors/GREA teamed up to represent the buyer and seller in the transaction. The community was 100 percent occupied at the time of sale and offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity.