AUBURN, AL - Muinzer, a leading real estate investment firm specializing in student housing, alongside capital partner T2 Capital Management, announced the acquisition of Evergreen Auburn near Auburn University. The property consists of 486 student housing beds that are 97% leased for the August 2023 school year and 88% pre-leased for the August 2024 school year.
Muinzer s purchase of Evergreen Auburn marks its first acquisition in the Auburn University submarket.
WEST LAFAYETTE, IN - Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Station 21 near Purdue University in West Lafayette, IN. The property totals 629 student housing beds underpinned by 20 acres of land.
Muinzer originally acquired the property via an off-market transaction in early 2022. Muinzer executed a full interior renovation of all units as well as an exterior renovation coupled with a.
/PRNewswire/ Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, today announced the acquisition.
One of the biggest surprises in commercial real estate in the past three years has been the resiliency of student housing. Most pandemic crystal ball users expected with colleges going to remote learning and students hunkering down at home that the sector would hit the skids. It didn’t happen for long. By the second half of 2021, vacancy rates started dropping and rent began to rise. Student rent rose nearly 5% in 2022, and with students eyeing another school season this fall, rent continues to