June 5, 2018
Campus Advantage acquired six student housing properties across five states in a joint venture with a major state pension fund. The portfolio of properties, located at five universities, adds 1,910 beds to the Austin, TX-based firm’s managed student housing property holdings.
Campus Advantage’s Josh Greenleaf says, “These high-quality assets are the perfect addition to our portfolio. We targeted these assets for their strong locations, high quality markets and stable performance, which will complement and diversify our existing portfolio.”
The portfolio includes two properties located at the University of Washington (Identity, LIV), and at the University of Oregon (Uncommon Eugene, pictured), as well as at Auburn University (Evolve Auburn), Illinois State University (The Flats), and the University of Tennessee (Evolve Knoxville). The assets consist of recently constructed properties by CA Student Living, and contains a total of 714 units.
For comments, questions or concerns, please contact Dennis Kaiser