July 19, 2019
Muinzer has acquired four assets near Purdue University in off-market deals. The acquisitions include campus adjacent student-housing apartment buildings at 414 Vine St. and 422 Vine St. in West Lafayette, IN for $2.6 million.
The investment firm also acquired 400 Main St., a former Salin Bankbranch location, and 400 Ferry St., an Opportunity Zone development site, both in Lafayette, IN. Pricing wasn’t disclosed.
“We are seeking to make additional purchases that expand our existing position as the largest apartment owner and land owner near Purdue,” said Marc Muinzer, founder of both Muinzer and its affiliate, Chicago-based South Street Capital.
Muinzer, which made its first O-Zone acquisition last year in Lafayette, is preparing to launch a Qualified Opportunity Zone Fund with T2 Capital Investments in the second half of 2019. The two firms have been joint venture partners on multiple projects on and around the Purdue campus since 2010.
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