Justin Gronlie's Harrison Street Acquires 20-Acre Student Housing Property In Fayetteville For $34.7M

Harrison Street has acquired a 20-acre student housing property, The Vue at 1111 Stadium Drive, near the University of Arkansas in Fayetteville. The property was sold for a price of $34.7 million according to property records. The student housing property consists of 180 units, with an average price per unit (PPU) of $192,778. The total number of beds in the property is 656, with an average price per bed (PPB) of $52,896.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $34,700,000
• Address: 1111 Stadium Drive
• Market: Fayetteville, AR
• Acres: 20
• Buyer: Justin Gronlie - Harrison Street

Harrison Street, represented by Justin Gronlie, has acquired The Vue student housing property near the University of Arkansas. The transaction is valued at $34.7 million, making it a significant investment in the Fayetteville market. This acquisition expands Harrison Street's portfolio in the student housing sector, demonstrating their continued interest in this market.