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Champion Real Estate Acquires Student Housing Near Purdue
Champion Real Estate Company 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. Scott Clifton of JLL represented Champion Real Estate Company and the seller.
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.
“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.”
