Marcus & Millichap Negotiates Sale of 1,546-Bed Student Housing Portfolio in Idaho
REXBURG, IDAHO — Marcus & Millichap has arranged the sale of an eight-property student housing portfolio located in Rexburg. A Seattle-based firm sold the 1,546-bed portfolio to a Utah-based company for an undisclosed price.
The portfolio includes the 288-bed Somerset; the 252-unit Alpine Chalet; the 146-bed Brookside Village; the 238-unit Rockland; the 120-bed Autumn Winds; the 72-bed Georgetown; the 24-bed Birchwood; and the 406-bed Birch Plaza.
Although the affiliated school was not named, the small city of Rexburg is home to Brigham Young University Idaho.
Danny Shin and Brock Zylstra of Marcus & Millichap represented the seller and procured the buyer in the deal.