Atlanta — A joint venture between Atlanta-based Campus Realty Advisors and T2 Capital Management has acquired a portfolio of four student housing communities totaling 2,282 beds.
Acquisitions include The Verge Clarksville, located near Austin Peay State University in Clarksville, Tennessee; The Verge at Nacogdoches, located near Stephen F. Austin State University in Nacogdoches, Texas; The Verge at Ellensburg, located near Central Washington University in Ellensburg, Washington; and The Grove at Statesboro, located near Georgia Southern University in Statesboro, Georgia.
The new ownership plans to immediately invest capital into renovations at each property, with a focus on unit interiors and shared amenity space. Campus Realty will provide asset management services and oversee renovations. The joint venture has engaged Asset Campus Housing to provide property management services.