FAYETTEVILLE, Ark. — A student apartment complex in Fayetteville sold for $72.25 million to an investment partnership.
Strategic Asset Management of Irvine, California, and Virtus Real Estate Capital of Austin, Texas, acquired the YOUnion apartments on West Watson Street in downtown Fayetteville. The apartment complex has 198 units and 589 beds and sits on 2.3 acres.
“Our YOUnion Student Living brand represents best-in-class student housing owned and operated communities nationally,” said SAM CEO Michael Schwartz. “We are pleased to partner with Virtus, an experienced investor in the student housing sector, and look forward to a long-term, mutually beneficial relationship.”
To read more on the YOUnion Apartment sale, our content partner Arkansas Business has the full article here.
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