Done Deals: Champion Real Estate Co. acquires Salisbury Campus Apartments near Purdue University in West Lafayette, IN

Sunday, March 3, 2024

Champion Real Estate Co. acquires Salisbury Campus Apartments near Purdue University in West Lafayette, IN

Salisbury Campus Apartments,
a five-building student housing
community near Purdue University
in West Lafayette, IN

WEST LAFAYETTE, IN — Champion Real Estate Company (“Champion”), has acquired Salisbury Campus Apartments, a five-building student housing community near Purdue University at 300, 310 and 318 Salisbury Street and 229 and 235 Littleton Street in West Lafayette, Indiana. The price was not disclosed.

Garrett Champion,

The property, which encompasses 85 units and 290 beds, will be rebranded as Victory on Salisbury. Champion now owns and operates 15 student housing communities encompassing more than 4,300 beds at eight universities.

Champion Salisbury, LLC, a subsidiary of Champion, will immediately begin renovations to the property once the current master lease with Purdue University expires in 2025.

A short walk from the Purdue University campus, Victory on Salisbury will feature new paint, vinyl plank flooring, cabinetry, quartz countertops, stainless steel appliances and modern fixtures. It will be leased by the bedroom and all bedrooms will be fully furnished including televisions and soundbars.

Scott Clifton

"Occupancy and demand have never been greater at student housing communities that support premier educational institutions like Purdue University," said Garrett Champion, Executive Vice President with Champion Real Estate Company.

"We will continue to make strategic student housing acquisitions at Tier 1 universities with supply constraints and strong fundamentals."

Scott Clifton of JLL represented Champion Real Estate Company and seller.