SmartStop Asset Management Acquires 709-Bed Community Near the University of Nevada, Reno

The Summit is located one block away from the University of Nevada, Reno campus. The Summit is located one block away from the University of Nevada, Reno campus.

Reno, Nev. — SmartStop Asset Management LLC has acquired The Summit, a 709-bed student housing community located near the University of Nevada, Reno campus for $70 million.

The seven building, LEED Silver certified property offers fully furnished units with washers and dryers. Community amenities include a two-story clubhouse, fitness center, game lounge, pool, spa, computer room and business center, campus shuttle service, common area barbecues, a tanning room and private study rooms. John Strockis, senior vice president of acquisitions for SmartStop Asset Management, facilitated the transaction on behalf of a SmartStop affiliate.

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