A joint venture between Blue Vista Capital Management and Clarion Partners acquired a multi-property student housing portfolio featuring a total of 885 units and 2,787 beds. The properties included are located at 870 Toftrees Avenue, 28 Woolfe Street, and 2300 Cottage Lane in the markets of State College, PA; Charleston, SC; and College Station, TX. The specific assets involved in the transaction are The Valley Apartments, The View, SkyGarden, and The Cottages of College Station.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: Not specified
• Units: 885
• Beds: 2,787
• Buyer: Robert G. Byron & Peter Stelian - Blue Vista Capital Management; David Gilbert - Clarion Partners
• Seller: Columbus Pacific Group
• Broker: TSB Realty
• Lender: TSB Capital Advisors

PeakMade Real Estate, an affiliate of Blue Vista, is set to manage the acquired assets, reflecting the firms' commitment to student housing investment in key educational markets.