Indiana

Salisbury

West Lafayette, Ind. — Champion Real Estate Co. has acquired Salisbury Campus Apartments, a student housing community located near the Purdue University campus in West Lafayette. The property spans five buildings located at 300, 310 and 318 Salisbury St. and 229 and 235 Littleton St. The community offers 290 beds across 85 units and will be rebranded Victory on Salisbury. Purdue currently occupies the property under a master lease, which expires in 2025. Upon expiration, Champion Salisbury, a subsidiary of Champion, will begin renovations to the community. Scott Clifton of …

0 FacebookTwitterLinkedinEmail
John-Rabold

West Lafayette, Ind. — Granite Management has appointed John Rabold to the role of president. Rabold joined the West Lafayette, Indiana-based company five years ago and has worked various positions in sales, operations, marketing and accounting. “We’re thrilled to welcome John Rabold as president,” says CEO Brent Gutwein. “His diverse background and community commitment align with our growth vision. I’m confident in John’s ability to lead, innovate and enhance client relationships as we embark on this exciting chapter.”

0 FacebookTwitterLinkedinEmail
Student-Housing-Bloomington-IN

Bloomington, Ind. — Greystone Monticello has provided a $36.3 million bridge loan for a 226-unit student housing property in Bloomington. Greystone intends to transition the asset to a permanent exit with a HUD-insured green financing. Michael Zukerman and Adam Lipkin of Greystone originated the loan. Borrower information was not provided. The Greystone Monticello joint venture provides a wide range of bridge financing options in the multifamily and seniors housing industries.

0 FacebookTwitterLinkedinEmail
Subtext-Purdue

West Lafayette, Ind. — Subtext has broken ground on a 449-bed student housing development located near the Purdue University campus in West Lafayette. The community will span 245,700 square feet at 143 W. Wood St., just outside the southeastern edge of the university’s campus. The property is set to offer one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities will include a coffee bar, club room, study rooms, a fitness center, pet grooming area, swimming pool, spa and dog run. The project is scheduled for completion …

0 FacebookTwitterLinkedinEmail
William-Swiderski

Lafayette, Ind. — Trinitas Ventures has hired William Swiderski as senior vice president of accounting, financial planning and analysis and tax. Swiderski has 25 years of experience in accounting and investment management in commercial real estate. Prior to joining Trinitas, Swiderski served as the head of fund finance for DWS Group. “It gives me great confidence to know that Bill, a seasoned commercial real estate professional, is stepping into this role,” says Loren King, CEO of the Lafayette, Indiana-based firm. “He has a comprehensive understanding of best practices from great …

0 FacebookTwitterLinkedinEmail
Haven-Apartments

Muncie, Ind. — Redstone Residential has acquired The Haven Apartments, a 674-bed student housing community located near the Ball State University campus in Muncie. The community offers a mix of two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include two outdoor basketball courts, a 24-hour fitness center, tanning bed, swimming pool, television lounge, clubhouse and fire pit. The seller and terms of the transaction were not disclosed. “Purchase, renovation and long-term hold of this vintage of apartment deals is my favorite thing to do — old enough to …

0 FacebookTwitterLinkedinEmail
Legacy

Athens, Ga. — Landmark Properties has completed the development of 10 student housing properties valued at $2 billion ahead of the fall 2023 semester. The portfolio is the largest to be delivered off-campus in a single year, according to Landmark, and accounts for one-fourth of all student housing deliveries this fall. The portfolio, which offers a total of 8,195 beds, includes:  The Standard at College Park, a 951-bed community located two blocks from the University of Maryland campus in College Park. The property offers units in studio through five-bedroom configurations, …

0 FacebookTwitterLinkedinEmail
Nick-Drummond

Lafayette, Ind. — Trinitas Ventures has hired Nick Drummond as senior vice president of property management and operations. In his new role, Drummond will ensure the operational and financial success of the Lafayette, Indiana-based company’s portfolio, which includes student housing, build-to-rent, conventional and multifamily properties. Drummond brings over 20 years of student housing experience to the position, most recently serving as regional vice president of operations with Landmark Properties. “Nick’s extensive property management experience and leadership in student housing will be a great addition as we continue to grow our …

1 FacebookTwitterLinkedinEmail

Bloomington, Ind. — Bellwether Enterprise (BWE) has arranged a $36 million loan for the acquisition of The Monroe, a 796-bed student housing property at Indiana University in Bloomington. Christopher Carroll and Max Miller of BWE arranged the loan on behalf of the borrower, Campus Realty Advisors, which plans to make upgrades to the community. According to BWE, Indiana University had record freshmen enrollment in 2022 with more than 10,200 students.

0 FacebookTwitterLinkedinEmail

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 …

0 FacebookTwitterLinkedinEmail
Newer Posts