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Joint Venture Fund Adds $80M in Student Housing

ATLANTA-Place Properties and Blue Vista Capital Management add an additional four student housing properties under its jointly managed fund.

By Natalie Keith | Updated on October 23, 2007

(Read more on the multifamily market.)

ATLANTA-A joint venture of locally based Place Properties LP and Chicago-based Blue Vista Capital Management LLC has invested another $80 million in four student housing projects. The investments were the most recent ones made under the Place/BV Student Housing Fund LLC, which is managed jointly by the two companies.

The properties, all of which are scheduled to open in July 2008, include Bryant Place at the University of Central Oklahoma, Coleman Place at the University of Arkansas-Little Rock, Vista Place at Arkansas Tech University and Hill Country Place at the University of Texas-San Antonio. “We have been very fortunate to be successful at acquiring superlative locations for new student housing developments at these four schools which have a tremendous demand for new housing,” Place Properties national development partner Brent Little says in a prepared statement.

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