OC Ventures Acquires Two Student Housing Communities in New York, North Carolina

by Katie Sloan

Rochester, N.Y. and Wilmington, N.C. — OC Ventures has acquired two student housing communities located in New York and North Carolina. Acquisitions include The Hill at Rochester, a 362-bed community located near the Rochester Institute of Technology in New York; and The Lighthouse, a 348-bed community located pedestrian to the University of North Carolina Wilmington campus. Both properties offer fully furnished units with bed-to-bath parity. Shared amenities include fitness centers, study lounges, recreation rooms, pet parks, outdoor swimming pools, hot tubs, grilling stations and hammock gardens. Varsity Campus has been tapped to manage both communities. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Kevin Kempf of CBRE arranged the sale of The Lighthouse on behalf of the seller, Coastal Ridge Real Estate.

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