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Campus Realty Acquires Indiana Student Housing for Repositioning
BWE secured $36,029,500 in acquisition financing for The Monroe, a 796-bed student housing property at Indiana University in Bloomington, IN. Campus Realty Advisors acquired the asset and was advised by Christopher Carroll and Max Miller in BWE’s Chicago office.
“With students looking for high-quality, amenity-rich places to spend their college careers, it’s critical that student housing options can meet this demand,” said Carroll. “We’re proud to partner with Campus Realty Advisors to help them acquire and reposition The Monroe so that it can become the premier housing option for Indiana University students in Bloomington.”
Situated at 1150 S Clarizz Blvd. In Bloomington, The Monroe is located in one of the three purpose-built student housing submarkets serving Indiana University. The Monroe is particularly popular with students with classes on the southeast part of campus given its proximity to several of the university’s larger colleges, according to BWE.
- ◦Sale/Acquisition
- ◦Financing
