Vesper Acquires 290-Bed Community Near Binghamton University

Binghamton, N.Y. — Vesper Holdings has acquired 20 Hawley, a 290-bed student housing community located near Binghamton University in New York. The community offers a mix of one-, two-, three-, four-, five- and six-bedroom units with bed-to-bath parity. Shared amenities include a fitness center, yoga studio, golf simulator, game room, movie theater, study lounges, a business center, hot tub and an outdoor lounge with grilling stations. Berkadia arranged the transaction, terms of which were undisclosed. Vesper plans to execute $1.8 million worth of renovations at the property, to include  upgrades to units and shared amenity spaces; extensive enhancements to the property’s exteriors; and substantial technology upgrades throughout the complex.