Denton, Texas — Vesper Holdings has acquired 33 North, a 427-bed student housing community located near the University of North Texas in Denton. Built in 2013, the mid-rise property offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a fitness studio, study lounge, club room, gaming centers, package lockers, an outdoor kitchen, infinity pool and garage parking with electric vehicle charging stations. The property was acquired in an off-market transaction, the terms of which were not disclosed. Vesper plans to implement a capital improvements plan at the site, which will focus on the community’s clubhouse, fitness center and pool area. Technological upgrades will also be implemented throughout. The property will be managed by Vesper’s in-house management firm, Campus Life & Style.
Vesper Holdings Acquires 427-Bed Community Near the University of North Texas