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JV buys eight student housing projects, three in TexasJV buys eight student housing projects, three in Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=149472016-10-19T05:00:00Z2016-10-19T21:00:00Z

​​​NEW YORK – Vesper Holdings and Prospect Capital Corp. have purchased eight student housing complexes totaling nearly 5,000 beds in five states for $72 million from Campus Advantage Inc. Three of those properties are in the Lone Star State.

The 312-bed Islander Village and the 336-bed Campus Quarters are both near Texas A&M University-Corpus Christi.

The District on Luther, a 1,098-bed community ne​ar the Texas A&M University campus in College Station, is the largest property in the portfolio. ​​

The venture will invest $11 million to upgrade unit interiors and amenities over the next two years. 

CBRE negotiated the transaction on behalf of the seller. 

CoStar Group
Texas
Multifamily
http://www.costar.com/News/Article/Vesper-Holdings-Prospect-Capital-Acquire-Eight-Property-Student-Housing-Portfolio/185811Read more at {Source}

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