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Chicago & Midwest  + Downtown  + Student Housing  | 
Blue Vista Theory Syracause student housing

Blue Vista Launches Student Housing Venture with South Korean Investment Firms

Chicago-based real estate investment firm Blue Vista Capital Management, LLC has formed a new joint venture partnership with Koramco Asset Management, one of South Korea’s leading real estate investment management firms, and a second South Korean institution, to invest in top-tier core student housing assets nationwide.  

Through the partnership, Blue Vista acquired Villas on Rio, an 856-bed property at the University of Texas at Austin, and recapitalized Theory Syracuse, a 601-bed property at Syracuse University. These represent approximately $250 million in combined asset value. 

Jason Schwartz, Blue Vista’s managing principal of student housing said, “The properties at the University of Texas at Austin and Syracuse University highlight the type of premier student housing investments that this partnership will pursue, as well as our commitment to providing students with highly amenitized living accommodations.” 

Since 2003, Blue Vista has acquired and/or developed more than $3 billion in student housing properties. 

Pictured: Theory Syracuse.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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