FM Capital Acquires Five-Property Student Housing Portfolio Near Indiana University

Manors at 10 North is located at the corner of 10th Street and College Avenue in downtown Bloomington. Manors at 10 North is located at the corner of 10th Street and College Avenue in downtown Bloomington.

Bloomington, Ind. — FM Capital has acquired a five-property student housing portfolio totaling 408 beds near Indiana University in Bloomington.

Acquisitions include Northern Manors, offering 42 beds; Willis Drive Manors, offering 24 beds; Manors at 10 North, offering 73 beds; The Crest, offering 37 beds; and Brownstone Terrace, offering 232 beds. FM Capital plans to combine the portfolio into a fully-integrated community through rebranding, and the implementation of a multi-tiered social program.

Planned updates to the properties include the addition of enhanced amenities, lounge spaces and study areas; advanced roommate matching services; high-speed internet; business-class printing services; concierge through a mobile application; and hosted social events and job fairs.

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