PHILLIPS ACQUISITIONS BUYS TWO PROPERTIES

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OXFORD, OHIO AND RUSTON, LA. — Phillips Acquisitions has completed two student housing purchases. The first is a 548-bed complex near Miami University in Ohio. Candlewood Terrace Apartments will be renamed Oxford West. Over the past 27 years, Phillips has acquired and managed more than 7,500 beds. The other property is University Crossing Apartments serving Louisiana Tech University in Ruston. It is a 552-bed complex built in 2007. It will be managed by Phillips subsidiary, Phillips Property Management.

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