Virtus and Aspen Start NE Student Housing

LINCOLN, NE—Virtus Real Estate Capital, a private equity firm, and Aspen Heights, a student housing developer, have joined up to develop a 632-bed student housing community located near the University of Nebraska’s main campus. The school has set a goal of enrolling 30,000 students by recruiting additional out-of-state and international students, up from around 25,000 in fall 2014. To accommodate this ambitious goal the university has helped launch a number of new student housing projects.

Austin, TX-based Aspen Heights has just begun construction on the four-building complex, which will include a parking garage, and plans to complete it by August 2016. Located at the intersection of 18th and Q streets and the intersection of 18th and P streets, the new housing is in walking distance of the university campus.