Indiana

West Lafayette, Ind.— Muinzer has acquired full ownership of Village West, a 1,134-bed student housing property located near the Purdue University campus in West Lafayette. Muinzer bought out its joint venture partner, an undisclosed institutional equity partner based on the West Coast, which the company acquired the property with in 2020. The community offers a mix of two-, three- and four-bedroom units. Shared amenities include a 24-hour fitness center, two basketball courts, a sand volleyball court and private shuttle to campus. The property is fully leased for the 2023-2024 academic …

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West Lafayette, Ind. — A partnership between Muinzer and T2 Capital Management has acquired Basham Rentals in an off-market transaction. The acquisition includes the company’s 33-property student housing portfolio, which serves students attending Purdue University in West Lafayette. “Off-market opportunities to acquire generational real estate rarely occur,” says Founder and CEO Marc Muinzer. “To that point, this is an acquisition I have chased for nearly 15 years. This allows us to further expand our position as the largest student-housing owner, manager and landowner near my alma mater, Purdue University.”

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the-87-groundbreaking

South Bend, Ind. — Toll Brothers Campus Living has broken ground on The 87, an 810-bed student housing community located near Notre Dame University in South Bend. The property will span 431,000 square feet, including 26 town homes and five apartment buildings ranging from three- to four-stories. The community’s 335 fully furnished units will will be offered in studio-, one-, two- and four-bedroom configurations with bed-to-bath parity. Shared amenities will include a two-story fitness center, collaboration and study areas, a content creation studio, coffee bar, social lounge, multi-sport simulator lounge, …

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W-Lafayette-Subtext

West Lafayette, Ind. — Subtext has broken ground on VERVE, a 751-bed student housing development located near the Purdue University campus in West Lafayette. The seven-story project will offer a mix of studio, one-, two-, three- and four-bedroom units with bed-to-bath parity. The development will include 265 parking spaces and 5,516 square feet of ground floor retail space. Shared amenities are set to include a coffee bar, private study pods, group study rooms, a micro market, fitness center, sauna, lounge and community kitchen, dog park and a courtyard with hammocks. …

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Gronlie-800x634

Chicago and Lafayette, Ind. — A joint venture between Chicago-based investment firm Harrison Street and Lafayette-based Trinitas has announced plans to develop four student housing projects in markets across the country that are aggregately valued at $450 million. The four projects will total 3,390 beds and will all be located within walking distance of campus for students at Indiana University, University of Central Florida, University of Wisconsin and University of Georgia. Construction timelines were not disclosed. Trinitas will assume property management responsibilities upon completion of each project. Current at Latimer Square will …

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Julia-Sponseller

Lafayette, Ind. — Trinitas has hired Julia Sponseller as senior vice president of people and culture. In her new position, Sponseller will be responsible for leading the Lafayette, Indiana-based company’s people and culture strategies as it seeks to attract and retain the best professionals in commercial real estate. She will focus on building a culture, growing employee engagement and expanding the company’s leadership development, learning and training programs. Prior to joining Trinitas, Sponseller served as vice president of people and administration at Mandolin Software Inc. “I am very excited to …

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Eric-Wojak

Lafayette, Ind. — Trinitas Ventures has hired Eric Wojak as executive vice president of the company’s new build-for-rent and multifamily development division. The Lafayette, Indiana-based company plans to develop $1 billion in build-for-rent and multifamily projects through 2024. Trinitas notes that the new division was created in response to a nationwide shortage of housing. “Eric’s strong track record in build-for-rent will serve him well as he leads Trinitas to become a market leader in both build-for-rent and multifamily development nationally,” says CEO Loren King. “His extensive build-for-rent experience combined with Trinitas’ …

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Wabash-Landing

West Lafayette, Ind. — Blue Vista Capital Management has acquired Wabash Landing Apartments, a 206-unit community located near Purdue University in West Lafayette. The property offers studio, one- and two-bedroom units for students attending the university, faculty and local young professionals. Shared amenities at the community, which is located along the Wabash River, include a rooftop deck, fitness center, resident lounge, courtyard and study room. PeakMade Real Estate has been tapped to manage the property, which was fully occupied as of the end of July. The seller and terms of …

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Trinitas-Hires

Lafayette, Ind. — Trinitas Ventures has announced several new hires and promotions in preparation for further growth of the company.  Brad Bennett has been promoted to the role of executive vice president of development. In his new position, Bennett will oversee the Lafayette, Indiana-based firm’s student housing division and development acquisition team, which sources development opportunities for student housing, mixed-use, build-for-rent and multifamily projects. He most recently served as senior vice president of development and as co-head of the company’s student housing development division.  Mike Klein has been hired as …

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Vesper-Acquisition

New York City — Vesper Holdings has acquired a four-property student housing portfolio totaling 2,761 beds for $240 million.  Acquisitions include a 635-bed community located near Indiana University; a 699-bed community located near the University of Kentucky; a 736-bed community located near Kennesaw State University; and a 691-bed community located near Virginia Commonwealth University. Jaclyn Fitts of CBRE negotiated the transaction on behalf of the undisclosed seller.  “Our acquisition of this student housing portfolio is part of a strategy to purchase best-in-market student housing properties that offer our investors superior …

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