Place/BV Student Housing Fund Acquires Stadium View Student Housing in Minneapolis

MINNEAPOLIS, MN /PRNewswire/ -- Place/BV Student Housing Fund, LLC, a real estate investment fund focused on the acquisition and development of student housing properties nationwide, announces that it purchased and is assuming management of Stadium View student apartments, formerly known as The District on Delaware.

BVP Managers, LLC, a joint venture between Atlanta, Georgia-based Place Properties, an affiliated group of companies and Chicago-based Blue Vista Capital Management, LLC, serves as the Manager of the Fund.

Stadium View student apartments is a 956 bed high-rise community overlooking the University of Minnesota's TCF Bank Stadium. Place Management Group, LLC's on-site team is overseeing the day-to-day management responsibilities and has many community improvements planned, such as faster internet service, cable upgrade packages, courtyard WiFi, and more.

Bob Clark, (top right photo)  Executive Vice President, Place Management Group, LLC, said "We are very pleased to add Stadium View to our student housing portfolio. This asset is the premier asset in the market and our capital plan, along with our management team, will enhance the residents experience and satisfaction."

Contact: Jessica H. Nix, National Director of Marketing, 404-495-7591, jnix@placeproperties.com