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Place Plans More Student Housing

ATLANTA-The local developer invests $64 million near the Arkansas and UNLV campuses.

By Carl Cronan | Updated on December 15, 2008

ATLANTA-Locally based Place Properties LP, which has developed more than $800 million worth of student housing projects over the past 12 years, is putting another $64 million into two new off-campus apartment complexes. In a joint venture with Chicago-based Blue Vista Capital Management LLC, it plans to build Hill Place apartments near the University of Arkansas in Fayetteville and Rebel Place near the University of Nevada at Las Vegas.

Hill Place, located in a popular section of Sixth Street near the UA football stadium, is planned for 288 units containing one to four bedrooms each with a total capacity of 840 students. The garden-style complex will offer various amenities such as a clubhouse, fitness center, study garden and two swimming pools.

At UNLV, Rebel Place will accommodate 480 students in apartments with two to four bedrooms and added amenities such as an activity center, a computer lab and a poolside theater. The complex will be located a half-mile from campus and will have its own shuttle service to take student residents to classes.

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