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Student Housing Community Marks First Buy for Core Spaces

FORT COLLINS, CO—Soon to be renovated and rebranded as State On Campus Fort Collins, the three year-old, 665-bed residence is currently 100% occupied and 85% pre-leased for the 2016-17 school year.

Core Spaces is known for offering modern, trend-setting student housing with a wide variety of amenities. Core Spaces is known for offering modern, trend-setting student housing with a wide variety of amenities.

FORT COLLINS, CO—Core Spaces, a Chicago-based real estate development and management firm known for offering modern, trend-setting student housing with a wide variety of amenities, has acquired a three-year old, 665-bed community at Prospect and College avenues, one block from Colorado State University in Fort Collins. The purchase was the first for Core Spaces since the firm established its acquisitions platform with the hiring of former Harrison Street executive Brian Thompson in September 2015. The firm previously completed six other student housing communities as ground-up developments.

“This community was an ideal fit with our objective of adding complementary assets to our portfolio, including not only on- and off-campus student housing, but also potentially campus-adjacent hotels, infrastructure and other education-related real estate,” says Thompson, director of acquisitions. “This was an exciting opportunity to acquire an attractive, well-located, good-performing asset with even greater upside potential.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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