Sold in 2015
Acquired in a joint venture, University Suites is a 136 unit/518 bed student housing complex that is located a short distance from the North Carolina State University Centennial Campus. The units are among the largest in the market. Over $1 million in capital improvements were completed including an expanded clubhouse and pool, as well as unit upgrades. The property was purchased from a non‐institutional owner and ownership significantly improved the asset’s management and value.