Blue Vista, Clarion to Acquire Student Housing Portfolio
Blue Vista Capital Management, a Chicago-based real estate investment management firm, in partnership with Clarion Partners, announced the acquisition of a four-property student housing portfolio from Columbus Pacific Group.
The portfolio consists of four well-located, Class-A student housing communities totaling 855 units, serving students at Pennsylvania State University, College of Charleston, and Texas A&M University. Blue Vista affiliate PeakMade Real Estate will manage the properties.
“This portfolio reflects Blue Vista’s student housing strategy of pursuing high-quality, in-demand accommodations at top-tier universities with growing student populations,” said Jason Schwartz, Managing Principal and Co-Head of Blue Vista’s Equity Group. “We are pleased to partner with Clarion, a proven leader in U.S. residential real estate, to deliver modern, purpose-built residences well-suited for student living.”
The portfolio transaction was brokered by TSB Realty, with debt placement services provided by TSB Capital Advisors.
