West Lafayette, Ind. — Nelson Partners Student Housing LLC, a private placement 1031 exchange sponsor, has acquired The Fairway, a 298-bed student housing community located near Purdue University in West Lafayette.
The property was 98.2 percent occupied at the time of sale, and offers one-, two- and three-bedroom units. Shared amenities including a 24-hour clubhouse and fitness center, a swimming pool and sun deck and free tanning. Renovations are planned for the community, details of which were undisclosed.