student housing O Indiana

Triad Real Estate Partners sells two-property, 176-unit student-housing portfolio at Purdue

  
purdue

Triad Real Estate Partners closed the sale of a two-property, 176-unit portfolio of student housing at Purdue University if West Lafayette, Indiana. The sale included 364 beds.

Triad Real Estate Partners closed the sale of a two-property, 176-unit portfolio of student housing at Purdue University if West Lafayette, Indiana. The sale included 364 beds.

The two class-A proejcts -- Grant Street Station and South Street Station -- are within two blocks of campus adn 100 -ercent occupied. The purchase price was not disclosed, but the CAP rate was about 5.5 percent.

Nelson Brothers Professional Real Estate, a privately held student-housing company based in Orange County, California, purchased the portfolio.