Minneapolis — Blue Vista Capital Management has sold Stadium View, a 956-bed student housing community located within walking distance of the University of Minnesota in Minneapolis.
University Partners acquired the property for $69.4 million. The community consists of four interconnected, nine-story towers containing a mix of fully furnished two-, three- and four-bedroom units. Shared amenities include an outdoor courtyard, fitness center, movie theater, social lounge, game room, computer lab and study rooms. Blue Vista acquired the property in 2010 on behalf of one of its student housing real estate funds.