LOS ANGELES—In a complicated deal that brought two CBRE groups together, a Southern California student housing community has changed ownership. Blue Vista Capital LLC, based in Chicago, bought University Gateway on behalf of an institutional client for approximately $200 million. The 421-unit, 1,656-bed property serves students attending the University of Southern California here.

The purchase price is one of the largest paid for a single-asset student housing community so far this year. CBRE’s National Student Housing Group negotiated on behalf of the seller, a partnership of RCG Longview, Blackstone Real Estate Advisors and Urban Partners. The group’s Dallas-based director, Ryan Reid, worked on the deal with associate director Jaclyn Fitts, also in Dallas, as well as Tyler Anderson and Laurie Lustig-Bower both in Southern California.

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