SANTA BARBARA, CA-Boston-based Intercontinental Real Estate Corp. has acquired Breakpointe and Coronado, a 151-unit student housing portfolio located in the community of Isla Vista, approximately three blocks from the main campus of the University of California, Santa Barbara. The acquisition, made on behalf of Intercontinental’s US Real Estate Investment Fund, was originated out of Intercontinental’s Los Angeles office and was led by Jessica Levin, director of acquisitions.

Levin tells GlobeSt.com that the acquisition was approximately for $42.5 million and that the seller was Conquest Student Housing, which, since 1993, has been the premier housing provider for USC and UCSB students. Conquest Student Housing did not return GlobeSt.com queries by deadline.

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