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Expanding Midwest Schools Bring in Investors

There is a continued land crunch close to campus locations, but many of the big schools are still going to get much bigger.

chi-300 at purdue (2) 300 South Salisbury in West Lafayette, IN, was part of the $13.2 million portfolio just bought by South Street Capital.

CHICAGO—South Street Capital, a Chicago-based real estate firm, together with Muinzer Management, have just acquired a 290-bed student housing portfolio near Purdue University in West Lafayette, IN, for $13.2 million. The portfolio consists of five adjacent apartment buildings at 300, 310, and 318 North Salisbury, and 229 and 235 Littleton.

The off-market transaction allowed the two firms to expand their holdings in this vibrant student housing market. The firms plan to upgrade these properties. This move is similar to others made by many providers that now see opportunities in the US student housing sector as it expands.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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