Student Housing REIT to Purchase Fairborn Property
FAIRBORN, OH-A real estate investment trust based in Austin has announced its plans to acquire 19 student housing communities, including a Cloveridge Court property in Fairborn. American Campus Communities Inc. will buy 19 student housing properties, which comprise 12,049 beds, for $862.8 million from Kayne Anderson Capital Advisors LP affiliates.
The student lodging REIT will buy The Province at 3419 Cloveridge Court. The 657-bed property is situated near Wright State University. The company has plans to spend about $12.3 million to improve the properties. For the full story, go to Dayton Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Mark your calendar for October 15-16 and be part of the action at RealShare APARTMENTS the premier multifamily event of the year.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.