National student housing owner and operator Campus Apartments LLC has acquired Aspen Heights Harrisonburg, a 600-bed cottage-style student housing community located nearby James Madison University in Harrisonburg, VA. The sales price was not disclosed.
The community consists of a mix of two-, three-, four- and five-bedroom units. Amenities include a 24-hour fitness center, computer lab, study lab, study lounge, tanning bed, campus shuttle, volleyball court and pool.
Campus Apartments plans to rebrand the property and implement a value-add plan that will consist of enhancements to the clubhouse and exterior areas of the property. CBRE brokered the sale of the community on behalf of seller, Aspen Heights.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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