JLL Advises on Sale of Student Housing Near Purdue

JLL closed the sale of Salisbury Campus Apartments, a five-building, 85-unit and 290-bed student housing community located near the campus of Purdue University in West Lafayette, Indiana. JLL represented the seller, Muinzer, and Champion Real Estate Company acquired the properties.

The Salisbury Campus Apartments are located just less than one mile from the campus of Purdue University. In addition to proximity to campus, residents also benefit from being steps away from in-demand retailers, such as Target, Chipotle, Chauncey Hill Mall and more.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Scott Clifton and Teddy Leatherman, Director Kevin Kazlow, Associate Jack Goldberger and Analyst Grace Picchiotti. “The student housing fundamentals at Purdue University are among the strongest in the nation, and this transaction highlights the tremendous liquidity available for value-add student housing assets that are proximate to flagship institutions,” said Clifton.

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