Triad Real Estate Partners sold a 969-bed student housing portfolio at Northern Illinois University in DeKalb, Illinois.
All of the properties were built in various years starting in the early 1990s and they are one mile from the main campus. The 355-unit portfolio sold for $31.6 million.
The seller was a local company that owns several student housing portfolios throughout Illinois. The buyer was a private investment group out of Evanston that also purchased another student housing asset through Triad.
