Vesper Holdings Acquires 792-Bed Community Near the University of North Texas

by Katie Sloan

Denton, Texas — Vesper Holdings has acquired University Courtyard Denton, a 792-bed community located near the University of North Texas (UNT) campus in Denton. Built in 2001, the property offers a mix of one-, two- and four-bedroom, fully furnished units. Shared amenities include a resort-style swimming pool, fitness center, clubhouse, study rooms, fire pits, basketball and volleyball courts and a UNT shuttle stop. The community was acquired from an undisclosed seller in an off-market transaction. The new ownership plans to implement capital improvements, which will focus on unit, amenity and technology upgrades throughout the property. “Our acquisition of UC Denton is part of a strategy to purchase institutional quality student housing in strong markets that offer our investors superior risk-adjusted returns,” says Isaac Sitt, co-founder and co-CEO of Vesper Holdings. “We expect to remain extremely active in the coming months, as we look to take advantage of pricing dislocations in this higher interest rate environment.”

You may also like