212 East, a 428-bed property within the University of Illinois' Campustown district in Champaign-Urbana, IL.
CHAMPAIGN-URBANA, IL—Student housing performs as well or better than any other sector during a downturn, and that continues to draw in national investors like Arrimus Capital. The Newport Beach, CA-based multifamily investment and development company just acquired two new student housing properties.
Arrimus acquired 212 East, a 428-bed property within the University of Illinois' Campustown district in Champaign-Urbana, IL, from XFD Real Estate Partners for an undisclosed amount. The company also purchased the Prado, a 472-bed mixed-use student housing community located adjacent to the University of Texas in San Antonio, from Fountain Residential Properties. Since 2017, the company has assembled a $290 million student housing portfolio consisting of 3,700 beds across six major universities and four states.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
