REBusinessOnline

Newmark Brokers Sale of Four-Property Student Housing Portfolio Across Southeast, Illinois

AUSTIN, TEXAS — Newmark has brokered the sale of a four-property portfolio of mid-rise student housing properties totaling 1,441 beds. The properties are situated adjacent to public universities in the Southeast and Illinois. Ryan Lang, Jack Brett, Ben Harkrider, Tim McKay, Debra Corson, Blake Pera and Dean Smith of Newmark represented the seller, Rael Corp., in the transaction. The sales price and the buyer were not disclosed.

The properties include:
Gather Illinois, which is located near the University of Illinois at 410 North Lincoln Ave. in Urbana, Ill.;
Gather Uptown located near East Carolina University at 400 South Greene St. in Greenville, N.C.;
Gather Dickson located near the University of Arkansas at 333 St. Charles Ave. in Fayetteville, Ark.; and
Gather Southern located near the University of Memphis at 3655/3695 Southern Ave. in Memphis.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties