Ames, Iowa — Vesper Holdings has acquired The Foundry, an apartment community located in Ames near Iowa State University.
The property contains one six-story building with an underground parking garage, and offers two- and four-bedroom floor plans with bed to bath parity. Units feature large fully equipped kitchens, full-sized washers and dryers, furniture, 50-inch flat screen televisions, stainless steel appliances, granite countertops and high-speed internet connection in every bedroom.
Amenities at the property include ground-floor retail anchored by Starbucks Coffee, a fitness center, study areas, a game room, secure bike storage and a tanning booth. The Foundry was fully occupied in its first year of opening.
With this transaction, Vesper’s student housing portfolio now totals nineteen apartment complexes and approximately 10,700 beds. This transaction is the fifth student housing acquisition for Vesper over the past 10 months.