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Student Housing Investor Picks Up Huntsville Property
Tailwind Group has acquired its third student housing property this year, the latest at Sam Houston State University in Huntsville. The Connection at Huntsville is a 288-unit, 792-bed student project.
The company went out of its comfort area with this transaction. Tailwind’s Brandon Smith said, “While Sam Houston State is not the typical Power 4 market that we acquire assets in, we believe strongly in the fundamentals and upside this specific opportunity presented.” Tailwind plans to implement a comprehensive capital improvement plan and rebrand the property as Quarters Huntsville.
Completed in 2008, the community encompasses 13 three-story buildings spread across almost 27 acres. The unit mix consists of one-four-bedroom floorplans ranging between 674 and 1,572 square feet. The fully furnished units also have private balconies or patios.
Common-area amenities include a fitness center, clubhouse, business center and a spa, as well as a dog park, two volleyball courts and picnic areas.
Berkadia’s Brandon Buell and his team brokered the deal.
- ◦Sale/Acquisition
