Entrada Partners Acquires 243-Bed Student Housing Complex Near UT Austin With IPA's Representation

The property asset involved in the transaction is a student housing complex located at 2401 Longview Street in Austin, comprising 243 beds. This asset falls within the student housing category, situated near the University of Texas at Austin.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: Not disclosed
• Address: 2401 Longview Street
• Market: Austin
• Beds: 243
• Buyer: Reuben Berman, Justin Schuman & Joshua Bar-Yadin - Entrada Partners
• Seller's Representative: Jordan Featherston & Kent Myers - Institutional Property Advisors - Marcus & Millichap
• Mortgage Brokers: De’On Collins, Jayme Nelson & Samantha Jay - JLL

The deal involves Entrada Partners aiming to implement capital improvements to the 70-unit property. JLL facilitated acquisition financing for the transaction. The seller remains undisclosed, while Kent Myers and Jordan Featherston played key roles in representing them in the deal.