GMH Communities and Invesco Real Estate Acquire Student Housing Portfolio Near Purdue University
GMH Communities (GMH) and Invesco Real Estate have acquired two student housing properties, Grant Street Station and South Street Station in West Lafayette, Indiana. The acquisition adds 364 beds to GMH's national portfolio of student housing communities near universities. The properties are located just steps from Purdue University’s campus and were built in 2014. Gary Holloway Jr., CEO of GMH Communities, highlighted the strategic value of these assets due to their strong location and competitive pricing relative to newer developments nearby. Scott Hirshman noted that current rents offer an attractive value proposition for students without compromising access to campus or local amenities. Invesco Real Estate emphasized its confidence in student housing as a high-conviction sector, with this acquisition aligning with the firm's strategy of investing in well-located assets supported by durable demand and long-term fundamentals.
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Topics: Purdue University real estate acquisition student housing