OC Ventures

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 …

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Chicago — OC Ventures has acquired Automatic Lofts, a 482-bed student housing community located adjacent to the University of Illinois at Chicago campus. The property — originally built as a telephone factory in 1901 — offers one-, three- and four-bedroom, loft-style units. Shared amenities include a fitness center, study lounges on each floor, a cafe, recreation room and laundry services. The new ownership plans to implement capital improvements, which will include building out a larger fitness center; renovating lobby and study areas; and updating unit furniture packages. Varsity Campus will …

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Greensboro, N.C. — OC Ventures has acquired Spring Place, a 576-bed student housing community located in Greensboro. The property, now rebranded as Block 43 East, serves students at the University of North Carolina at Greensboro and North Carolina Agricultural and Technical State University. Kevin Larimer and Greg Gonzalez of Berkadia arranged the disposition on behalf of the seller, Waypoint Residential, for an undisclosed price. The community offers two- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a fitness center, computer lounge, recreation rooms, basketball and volleyball courts, …

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