BGL Real Estate Advisors Announces the Acquisition of a Student Housing Property
The property was built in 2008 to capture off-campus housing demand for students enrolled at a mid-sized state university that is consistently regarded as one of the best in its state with the system's highest four-year graduation rate, three years of increasing and historically high enrollment, and three years of improved financial standing. The name and location of the property and school are not being disclosed at the clients' request.
The property was acquired to employ a modest value-add strategy intended to address deferred maintenance and unit upgrades, as well as expand project amenities including the fitness center, fire pits, outdoor kitchen, gazebo, dog run, and more. The project was co-sponsored by Channing and Orlean.
Channing acquires income producing, multi-tenant commercial real estate assets in select markets with the thesis that direct real estate investing creates long-term wealth creation through three core real estate value drivers that generate robust returns. If one value driver falters, the other two can still generate wealth while providing downside protection. Founder and President
Orlean is a leading
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