FAIRBORN, OH-A real estate investment trust based in Austin hasannounced its plans to acquire 19 student housing communities,including a Cloveridge Court property in Fairborn. American CampusCommunities Inc. will buy 19 student housing properties, whichcomprise 12,049 beds, for $862.8 million from Kayne AndersonCapital Advisors LP affiliates.
The student lodging REIT will buy The Province at 3419Cloveridge Court. The 657-bed property is situated near WrightState University. The company has plans to spend about $12.3million to improve the properties. For the full story, go toDayton Business Journal .
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