ATLANTA and CHICAGO, Aug. 26 GA-Place-Properties
ATLANTA and CHICAGO, Aug. 26 /PRNewswire/ -- The Place/BV Student Housing
Fund, LLC, a real estate investment fund focused on the acquisition and
development of student housing properties nationwide, announced its most
recent investments. La Cantera Place serves the students of University of
Texas, San Antonio (UTSA) and Rockdell Place will serve the students of Wright
State University in Fairborn, Ohio. Both communities will open summer of 2009.
BVP Managers, LLC, a joint venture between Atlanta, Georgia-based Place
Properties, LP and Chicago, Illinois-based Blue Vista Capital Management, LLC,
serves as the Manager of the Fund.
La Cantera Place will be the Fund's second asset in the San Antonio
market. Hill Country Place, the first asset, which opened this month, is 98
percent leased for fall.
La Cantera Place, located just a 1/2 mile from the UTSA campus, is well
positioned to benefit from one of Texas's largest and fastest growing schools.
With an expected enrollment increase of over 1,500 students in fall 2009, La
Cantera's 204-unit / 624-bed community will be a popular housing choice. La
Cantera will offer one-, two- and four-bedroom apartments with contemporary
furnishings and private bathrooms. Each apartment will also offer a full
kitchen with all major appliances, including washers and dryers. Community
amenities include a clubhouse with a state-of-the-art fitness center, computer
lab and resort-style swimming pool.
Rockdell Place, as the first purpose built, modern student housing
community in Fairborn, will offer Wright State students a superior housing
alternative. In addition to offering 96 fully furnished four-bedroom, four-
bathroom apartments, each with private bathrooms, Rockdell Place will include
a clubhouse with computer lab, Place Zone online gaming center, state-of-the-
art fitness center, indoor 1/2 basketball court, landscaped courtyard and
surface parking.
Brent Little, National Development Partner for Place Properties said, "La
Cantera Place is our second asset in the UTSA market and will build on the
success of our Hill Country Place property, which opens to students this
month. Rockdell Place is our first asset in the Wright State market, which has
seen no new student properties built to serve this growing enrollment."
Blue Vista Capital Management, LLC is a leading national real estate
investment management firm with in excess of $550 million in capital under
management. Blue Vista has participated in joint ventures representing over
$3.0 billion in total capitalization.
Place Properties, LP, has over 14 developments in various stages of
construction nationwide making it one of the largest multifamily development
and construction organizations in the country. Place Properties has developed
more than $800 million of student housing properties since 1996 and currently
manages more than 17,000 beds.
Contact: Jessica H. Nix
Director of Marketing and Public Relations
404-495-7591
jnix@placeproperties.com
SOURCE Place Properties, LP
