FAYETTEVILLE, Ark. — Continued enrollment growth at the University of Arkansas at Fayetteville, the system’s flagship campus and the state’s largest, has spurred some flashy investments in the housing market.
Three of the four largest commercial real estate deals in Washington County last year involved student housing apartment complexes in Fayetteville. The Fayetteville market now includes some of the biggest players in the student housing industry.
In October, Harrison Street of Chicago, the nation’s third-largest student housing company, paid $34.7 million for the 180-unit Vue complex on Stadium Drive, a stone’s throw from campus. Tailwind Group Inc. of Mankato, Minnesota, was a big investor in the market in 2023, spending more than $81 million for the 270-unit Spectrum Apartments on Crowne Drive and the 213-unit Ozark Villas on Beechwood Avenue; Tailwind renamed the complexes the Landing at Fayetteville and College Town Fayetteville, respectively.
To read more about the U of A housing rush, our content partner Arkansas Business has the full story here.
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