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WEST LAFAYETTE, IND. — Massachusetts-based Gross & Cohen Real Estate Investors has purchased The Fairway, a student-housing complex located 1 mile from the Purdue University campus in West Lafayette. The 167-unit apartment community, which is fully occupied, includes 298 beds. In the past 2 years, The Fairway has added three new buildings. Additionally, older units have been rehabbed and the clubhouse and leasing center have been renovated and expanded. Amenities at the property include an exercise center, a tanning bed, a pool and a recreation room. The acquisition price was not disclosed.