West Lafayette, Ind. — Muinzer has acquired a nine-property portfolio and 1.55 acres of land adjacent to Purdue University in West Lafayette for an undisclosed price. The acquisition includes a series of buildings on the 500-block of Hayes Street; 503 N. Grant St.; 411 W. Stadium Ave.; and 419 W. Stadium Ave. When combined with existing Muinzer portfolio assets, the acquisition creates a 2.24-acre assemblage. “Assemblage opportunities like this are very rare,” says Marc Muinzer, founder and CEO of Muinzer. “While we have no immediate plans for redevelopment, when presented …
West Lafayette, Ind. — Muinzer has acquired Village West Apartments, a 1,134-bed student housing community located near the Purdue University campus in West Lafayette, for $48 million. The seller in the off-market transaction was undisclosed. Village West offers two-, three- and four-bedroom, fully furnished units. Shared amenities include a club house, state-of-the-art fitness center, two basketball courts, a study center, media lounge, resort-style swimming pool, dog park, volleyball court, grilling areas and a private shuttle to campus. Scott Clifton and Stewart Hayes of JLL brokered the transaction. “Village West is exactly …
West Lafayette, Ind. — Muinzer has acquired two student housing properties and an opportunity zone development site near Purdue University in West Lafayette. The acquisitions include two apartment buildings located adjacent to campus at 414 Vine Street and 422 Vine Street. Plans for the development site, located at 400 Ferry Street, were undisclosed. Muinzer and T2 Capital Management are preparing to launch a Qualified Opportunity Zone Fund in the second half of 2019. The fund will focus on ground-up developments and redevelopments near engineering-, aerospace- and technology-based education centers and …
Chicago — Michael Snyder has been promoted to Chief Operating Officer of Muinzer and South Street Capital. Snyder joined the Muinzer team in 2015 with a focus on acquisitions before building and leading a series of business units within the firm. “Michael is a seasoned leader who delivers results,” says Marc Muinzer, founder and CEO of Muinzer and South Street Capital. “His persistence and passion for excellence has enabled him to garner great respect within the commercial real estate community. The appointment of Michael as COO positions the firm well …