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Friday, October 10, 2008
Multi-Family

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4/14/2008Campus Acquisitions buys 304 units in Texas, South Carolina
by Michael Wayne | | Bishop's Square |
In two deals brokered by Apartment Realty Advisors, Chicago, Ill.-based Campus Acquisitions has acquired 304 multi-family units in South Carolina and Texas. In San Marcos, Texas, the company purchased the Bishop's Square Apartments from Austin-based Falcon Southwest. Campus Acquisitions was represented by ARA's Patton Jones, while Chris Bancroft handled the negotiations for the seller. Bishop's Square is a 134-unit property located at 109 Craddock Ave. It is comprised of 16 buildings and was built in 2002. In West Columbia, S.C., Campus Acquisitions purchased the Sterling by the River Apartments from Houston-based Dinerstein Companies. Both parties were represented by Jones and Bancroft in this transaction as well. Sterling by the River contains 170 units and is located at 500 Alexander Rd. It was recently built in 2007 and is comprised of 12 buildings with a total of 472 beds. Campus Acquisitions is a firm that focuses its acquisitions on student housing projects in specific college and university markets nationwide. Address: Bishop's Square at 109 Craddock Ave., San Marcos, Texas - Sterling by the River at 500 Alexander Rd., West Columbia, S.C. Size: 304 units Built: 2002, 2007 Filed Under: Multi-Family | | |
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