West Lafayette, Ind. — Prime Property Investors has sold a 25-building student housing portfolio near Purdue University in Indiana for $47.2 million.
Atlanta — The year is off to a blazing start for student housing investment sales — at least on the listings front. A number of sellers brought portfolios to the market in January, well ahead of past years.
Tampa, Fla. — Colliers International’s Student Housing Group has facilitated the sale of four student housing properties located in four different states.
Hattiesburg, Miss. — Capstone Real Estate Investments has purchased the University Edge Apartments, located adjacent to the University of Southern Mississippi campus in Hattiesburg.
Sacramento, Calif. — VerTex Student Housing Partners, a joint venture of Vermilion Development and TEXLA Housing Partners, has acquired The Element, a 288-unit, 792-bed student housing development near Sacramento State University.
Auburn, Ala. — Campus Advantage has acquired Eagles Reserve in Auburn, its 10th and final acquisition under a joint venture with a major state public pension fund.
San Marcos, Texas — Casey Development has sold Uptown Square Apartments, a 512-bed, luxury student housing apartment community located in San Marcos near the campus of Texas State University.
Jacksonville, Fla. — W. P. Carey Inc. and its managed REIT CPA:17 – Global have acquired a 70,000-square-foot, newly constructed student residence hall in Jacksonville, Florida, on the campus of Jacksonville University for approximately $18 million.
Urbana, Ill. — The Wernke Team has arranged the sale of Lincoln Place Apartments, a 60-unit, 155-bed student housing community located in Urbana.
College Station, Texas — Lutz Real Estate Investments (LREI), in a joint venture with Harrison Street Real Estate Capital, has sold University Square and Laurel Ridge Apartments located near Texas A&M University in College Station.