Global Real Estate Advisors Acquires Student Housing Portfolio In Pennsylvania For $21.3M

A student housing property in Pennsylvania has been sold for $21,325,000. The property, located near Bloomsburg University, Temple University, and Slippery Rock University, offers a total of 799 beds. With a price-per-bed (PPB) of $26,689, this transaction represents a significant investment in the student housing market.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $21,325,000
• Market: Pennsylvania

The sale was facilitated by Kenneth (Ken) Wellar, a representative from Global Real Estate Advisors (GREA), who played a crucial role in the transaction. GREA is known for its expertise in the real estate market, particularly in Pennsylvania. With their guidance, the sale of this student housing property was successfully completed.