WEST LAFAYETTE, IN – Muinzer, a leading real estate investment firm specializing in student housing, announced the acquisition of Grant Street Station and South Street Station next to Purdue University in West Lafayette, IN. The acquisition was made in partnership with an affiliate of Walton Street Capital.
The properties total 362 student housing beds and are 99% pre-leased for the August 2024 school year. The transaction was successfully arranged by Randall Calvert of TSB Realty.
Muinzer’s purchase caps over $250 million of student housing acquisitions in the preceding 12 months. “We will continue to acquire student housing communities in the top university markets. I’m very proud of the Muinzer team for executing on yet another acquisition next to my alma mater, Purdue University,” said Marc Muinzer, Founder and CEO of his namesake firm. “The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring,” added Mr. Muinzer.
Muinzer began investing in student housing in 2002 and is one of the largest owners and operators in the Big Ten and SEC Conferences. “We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.