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Level 27 Apartments, 3770 Southpointe Parkway, Concord, MA |
CHICAGO, IL – HFF announced today
that it has been named to market for sale Level 27 Apartments, a
216-unit/756-bedroom, Class A student housing community serving Miami University
in Oxford, Ohio.
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| Brian Kelly |
HFF is marketing the property on behalf of the seller, Blue Vista Capital
Management, LLC. The property is expected to trade near $30 million and
may be purchased free and clear of existing debt.
Completed in 2007, Level 27 Apartments has three and four-bedroom, fully
furnished units averaging 1,603 square feet each.
Community amenities
include a resort-style salt water swimming pool, three hot tubs, fitness
center, tanning bed, movie theatre, computer lab, basketball and sand
volleyball courts, and game room with pool table, foosball and flat screen
tv.
The property is located at 3770 Southpointe Parkway just south of
campus, and is 98 percent leased for the 2013-2014 academic year.
The HFF investment sales team representing the seller is led by managing
directors Brian Kelly and Troy Manson.
 |
| Troy Manson |
“Level 27 Apartments is one of only three purpose-built communities serving
students in Oxford and beats the competition on almost every level with
superior unit and community amenity offerings,” said Kelly. “Miami
University of Ohio is one of America’s eight ‘public Ivies’ and boasted a 2012
enrollment of nearly 17,000 students ensuring demand for student housing
options for the foreseeable future.”
Blue Vista Capital Management, LLC creates and deploys niche investment
strategies to co-invest with successful real estate investors and developers.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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