X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUCSON-Student housing developer, owner and manager EdR added the 764-bed, 208-unit District on 5th to its portfolio. The Memphis, TN buyer paid Campus Apartments Inc., the project’s Philadelphia-based developer, $67 million for ownership rights to the 99%-leased student-housing complex.

District on 5th, located at 550 N. Fifth Ave., serves the University of Arizona’s Tucson campus and the LEED Silver complex is within walking distance of campus. The student housing property opened for the 2012-2013 school year offering two-, three- and four-bedroom apartments, along with a pool (complete with beach entry), clubroom, spa, computer lab/business center and outdoor movie theater. The average monthly lease rate is $633 per bed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.