Bloomington, Ind. — A joint venture between The Preiss Company and TH Real Estate has acquired The Park on Morton, a 472-bed student housing community located near Indiana University in Bloomington.
The property offers one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a clubhouse, resort-style pool, sun deck, study rooms, a fire pit, state-of-the-art fitness center and game room. The new ownership plans to upgrade the property’s clubhouse and amenity spaces, alongside a substantial portion of the units. TSB Realty brokered the transaction on behalf of the seller, Coastal Ridge Real Estate.