January 8, 2019
GMH Capital Partners, L.P. and AGC Equity Partners acquired Aspen Lincoln, a 632-bed student housing community located in Lincoln, NE for an undisclosed amount. The seller was Aspen Heights Partners and Virtus Real Estate Capital.
The 203,552-square-foot off-campus student housing community consists of five floors and 182 units, located two blocks from the University of Nebraska-Lincoln and near O Street’s bars and restaurants. GMH plans to rename the community Academy Lincoln.
The fully-furnished apartments come with private bathrooms, large kitchens, and new appliances, as well as such amenities as a 24-hour fitness center; California-style pool and hot tub; tanning areas; study lounges and computer labs; in-unit washers and dryers; courtyards with grilling and fire pits; and utility allowance.
GMH Capital Partners’ Gary M. Holloway Jr. says, “Aspen Lincoln marks yet another upscale addition to our existing ultra-core student housing portfolio.”
It is the partnership’s fourth student housing asset acquired and/or developed by its joint investment fund.
For comments, questions or concerns, please contact Dennis Kaiser