MULTIFAMILY COMMUNITY UNDERWAY NEAR WRIGHT STATE UNIVERSITY

FAIRBORN, OHIO — The Place/BV Student Housing Fund LLC is developing the student housing community Rockdell Place, which will serve the students of Wright State University in Fairborn. The community, which is expected to open summer 2009, will house 96 fully furnished four-bedroom, four-bathroom units. Amenities at the property will include a clubhouse with computer lab, Place Zone online gaming center and an indoor half basketball court. BVP Managers LLC, which is a joint venture between Atlanta-based Place Properties LLC and Chicago-based Blue Vista Capital Management LLC, serves as manager of the fund. The estimated cost of completion was not disclosed.