ATLANTA and CHICAGO, /PRNewswire/ -- The Place/BV Student Housing Fund, LLC, a real estate investment fund focused on the acquisition and development of student housing properties nationwide, announced its most recent investments. La Cantera Place serves the students of University of Texas, San Antonio (bottom left photo)(UTSA) and Rockdell Place will serve the students of Wright State University (middle right photo) in Fairborn, Ohio.
Both communities will open summer of 2009. BVP Managers, LLC, a joint venture between Atlanta, Georgia-based Place Properties, LP and Chicago, Illinois-based Blue Vista Capital Management, LLC, serves as the Manager of the Fund.La Cantera Place will be the Fund's second asset in the San Antonio market. Hill Country Place, (middle left photo) the first asset, which opened this month, is 98 percent leased for fall.
La Cantera Place, located just a 1/2 mile from the UTSA campus, is well positioned to benefit from one of Texas's largest and fastest growin
g schools.
g schools.With an expected enrollment increase of over 1,500 students in fall 2009, La Cantera's 204-unit / 624-bed community will be a popular housing choice.
La Cantera will offer one-, two- and four-bedroom apartments with contemporary furnishings and private bathrooms. Each apartment will also offer a full kitchen with all major appliances, including washers and dryers.
Community amenities include a clubhouse with a state-of-the-art fitness center, computer lab and resort-style swimming pool. Rockdell Place, as the first purpose built, modern s
tudent housing community in Fairborn, will offer Wright State students a superior housing alternative.
tudent housing community in Fairborn, will offer Wright State students a superior housing alternative. In addition to offering 96 fully furnished four-bedroom, four- bathroom apartments, each with private bathrooms, Rockdell Place will include a clubhouse with computer lab, Place Zone online gaming center, state-of-the- art fitness center, indoor 1/2 basketball court, landscaped courtyard and surface parking.
Brent Little, (top right photo) National Development Partner for Place Properties said, "La Cantera Place is our second asset in the UTSA market and will build on the success of our Hill Country Place property, which opens to students this month. Rockdell Place is our first asset in the Wright State market, which ha
s seen no new student properties built to serve this growing enrollment."
s seen no new student properties built to serve this growing enrollment."Blue Vista Capital Management, LLC is a leading national real estate investment management firm with in excess of $550 million in capital under management.
Blue Vista has participated in joint ventures representing over $3.0 billion in total capitalization.Place Properties, LP, has over 14 developments in various stages of construction nationwide making it one of the largest multifamily development and construction organizations in the country.
Place Properties has developed more than $800 million of student housing properties since 1996 and currently manages more than 17,000 beds.
Contact: Jessica H. Nix Director of Marketing and Public Relations 404-495-7591 jnix@placeproperties.com
Web site: http://www.placeproperties.com/
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