CBRE sold Hilltop Club, a 216-unit, 756-bed student housing community in Bowling Green, Kentucky, near Western Kentucky University. The asset was marketed as a by-the-bed student housing asset with an opportunity for conventional multifamily conversion.
Jaclyn Fitts, William Vonderfecht, and Casey Schaefer with CBRE’s National Student Housing practice, along with Brett Kingman, Russell Oldham and Brett Carr from CBRE Nashville Multifamily practice, arranged the transaction on behalf of ownership. Nashville-based Freeman Webb purchased the property for an undisclosed price.
Built in 2005, the asset is centrally located in Bowling Green off Campbell Lane near U.S. Highway 231. Western Kentucky University and the Medical Center at Bowling Green are both located within a 15-minute drive. Hilltop Club residents have convenient access to popular retail and the region’s major employers, including Greenwood Mall and the Medical Center at Bowling Green.
The property’s amenities include a resort-style pool, basketball and volleyball courts, and an expansive dog park. Interior amenities include a clubhouse with a game room, 24-hour fitness center and a movie theater with stadium seating. The units include wood-style flooring throughout the common areas, large living rooms, and cherry wood cabinetry in the kitchen and bathrooms.
