NEW YORK CITY-An entity of Harrison Street Real EstateFund of Chicago has purchased a student housingcondominium at 490 Fulton St. in Brooklyn for $62.7 million.

The 120,000-square-foot upper unit at the property for LongIsland University students is located just a block away from itsBrooklyn campus. The condo, which consists of three floors and 120dorm rooms, was sold by Crown Acquisitions,according to the New York Post.

The property will be operated by Dinerstein Co.'s SterlingUniversity Housing division based in Houston. See story in theNew York Post.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.