Campus Housing Changes Hands

PULLMAN, WA—Legacy Capital Advisors, Phoenix, recently financed the sale of Campus Commons Apartments, a 334-unit student housing property located at Washington State University in Pullman.

The building has approximately 322,512 rentable square feet. The south phase of the project was built in 1972 and the north phase in 1985. The property was sold to MCS Acquisitions, LLC (a Delaware-based limited liability company). The seller was FPA Campus Commons Apartments, LLC (a Delaware-based limited liability company).  The sale price was $33.5 million, which equates to $100,229/unit.