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632-Bed Aspen Lincoln Sells to Joint Venture

A joint venture between GMH Capital Partners LP and AGC Equity Partners acquired the 632-bed Aspen Lincoln, an off-campus student housing property serving the University of Nebraska-Lincoln.  Aspen Heights Partners and Virtus Real Estate Capital sold the property at 1850 P. St. in Lincoln.

The acquisition is the fourth between GMH and AGC; and the partners have already renamed the property Academy Lincoln. On-site amenities include a 24-hour fitness center, California-style pool and hot tub, tanning areas, study lounges and computer labs, courtyards with grilling and fire pits, and a utility allowance.

Gary M. Holloway Jr. with GMH Capital Partners indicated that the buy represents his company’s re-entrance into the Nebraska market, where it once had a large student housing presence. The partnership between GMH and AGC is focused on acquiring and developing core and value-add student housing properties.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
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