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Chicago & Midwest  + Illinois  + Midwest  + Student Housing  | 

Colliers Facilitates Sale of Student Housing Near OSU

Cardinal Group, a real estate company based in Colorado, has purchased the student housing community Midtown Stillwater, located at 801 W 4th Avenue in Stillwater, Oklahoma, for an undisclosed price. The 221-unit, 823-bed property is situated steps away from Oklahoma State University’s Student Union.

Sean Baird, senior vice president, and Jonathan Holt, senior vice president, of Colliers’ Student Housing Team, as well as Logan Weaver, vice president, Grant Kollman, senior vice president, and Charlie LaBarr, vice president, from Colliers’ Kansas office, facilitated the transaction. Real Equity Management was the seller.

Built in 2017, Midtown Stillwater is comprised of one-, two-, three- and four-bedroom unit configurations. “This transaction is aligned with the trend in flight to quality we’re seeing to assets in Power 5 conferences, where universities have demonstrated historical enrollment growth, coupled with strong year-over-year rental rate growth,” Baird said.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.