Starkville, Miss. — TSB Realty has arranged the sale of HELiX Starkville, an 802-bed student housing community located near the Mississippi State University (MSU) campus in Starkville. Columbus Pacific sold the property to a joint venture including Pumphouse Residential Group and WeldenField for an undisclosed price. SPM, an affiliate of PRG and WeldenField, will provide comprehensive property and construction management services for the community.
Delivered in 2016, the property offers fully furnished units in a mix of one-, two- and four-bedroom configurations on the southeastern edge of the MSU campus. Shared amenities include a two-story, state-of-the-art fitness center; resort-style pool; clubhouse with billiards, study enclaves and community televisions; tanning, gaming and coffee lounges; and an outdoor grilling area. The property was 95 percent occupied at the time of sale.
“You simply can’t beat the location of HELiX — it’s within walking distance of all of MSU’s main academic buildings and the football stadium, literally across the street from campus,” says Randall Calvert with TSB Realty. “Columbus Pacific developed this property, and it proved to be the perfect opportunity for a buyer like Pumphouse Residential Group to enter a highly desirable Power 4 market.”