Auburn, Ala. — CBRE National Student Housing has arranged the sale of The Connection at Auburn, a 900-bed community located near Auburn University in Alabama.
The garden-style complex is comprised of 14 buildings totaling 353,256 square feet. The property offers two-, three- and four-bedroom units. Community amenities include a 24-hour athletic club, resort-style swimming pools, a heated spa, game room with billiards, sand volleyball court, barbecue grills, picnic areas, private study rooms, a computer lounge and a clubroom with a kitchen and fireplace.
University Partners purchased the asset from a private real estate fund managed by Crow Holdings Capital – Real Estate for an undisclosed price in an off-market transaction. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and the Nashville Multifamily team at CBRE arranged the transaction. Ben Roelke, also of CBRE, secured acquisition financing on behalf of the buyer.