New York City, New York, United States, 09/25/2015 /SubmitPressRelease123/
Vesper Holdings ("Vesper"), a privately-held real estate investment firm based in New York City, is pleased to announce the acquisition of University Plains in Ames, Iowa. With this latest purchase, Vesper’s student housing portfolio now totals eighteen apartment complexes and approximately 10,500 beds. This transaction is the fourth student housing acquisition that Vesper has announced over the past 5 months.
Completed in 2001, University Plains is a 540-bed student housing community located in close proximity to Iowa State University. The property is comprised of twelve 3-story residential buildings and a clubhouse spread across a 10 acre site. University Plains’ unit mix consists of three- and four-bedroom floor plans. Apartments feature large fully-equipped kitchens, full-sized washers and dryers, along with high-speed internet connection in every bedroom. University Plains’ amenities include a swimming pool, hot tub, fitness center, computer center, game room, study area, tanning beds, volleyball court, basketball court, and location on the University shuttle route. The property currently maintains a 99% occupancy rate.
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