JOINT VENTURE BUYS TWO PROPERTIES NEAR THE UNIVERSITY OF CONNECTICUT

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STORRS, CONN. — Lutz Real Estate Investments and Harrison Street Real Estate Capital have purchased two student housing properties near the University of Connecticut. The joint venture marks Lutz's entry into collegiate housing. Carriage House contains 65 units, while Cedar Ridge contains 100 units. CW Capital in Needham, Mass., provided a Freddie Mac CME loan to acquire both properties. Aspen Square of West Springfield, Mass. was the seller. Grant Ancevic of Student Housing Investments represented the buyer. Campus Apartments will lease and manage the two properties.

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