Mesa, Ariz. — Harrison Street Real Estate Capital has acquired Century Hall, a 318-bed residence hall located on the Arizona State University Polytechnic campus in Mesa, for $27 million.
Built in 2012, the community is located at the heart of campus adjacent to the university’s student union building, and dining and recreational facilities. The property offers shared amenities including two multi-purpose rooms, a resident community kitchen, group study rooms, student activity lounges on each floor, and on-site classroom space. Capstone Management Partners will manage the property in collaboration with the university.
“We are excited to partner with Arizona State University and support the university’s efforts to provide their students with much needed high-quality student accommodations,” says Christopher Merrill, CEO of Harrison Street. “Initially built as a P3, Century Hall plays an important role on ASU Poly’s campus and we look forward to further investments with ASU, working alongside Capstone and bringing our significant resources and P3 experience to a vital, growing institution.”