Feb 28, 2022
JV acquires 564-bed student housing community near UNT
DENTON – A joint venture between Vesper Holdings and funds managed by affiliates of Fortress Investment Group LLC has purchased CastleRock at Denton, a student housing property near the University of...
DENTON – A joint venture between Vesper Holdings and funds managed by affiliates of Fortress Investment Group LLC has purchased CastleRock at Denton, a student housing property near the University of North Texas.
Built in 2000, the property consists of 564 beds across 192 units in a mix of one- to four-bedroom floor plans.
Amenities include a fitness center, pool, computer lab, clubhouse, dog park, and shuttle service.
The venture will invest $1 million in upgrades for unit interiors, amenity spaces, and building exteriors.
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Source: REBusiness Online
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