PRIME PROPERTY INVESTORS ACQUIRES NOTRE DAME HOUSING COMMUNITY

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SOUTH BEND, IND. — Northbrook, Ill.-based Prime Property Investors has completed the acquisition of the Turtle Creek Apartments residential community in South Bend. The 20-building, 330-bed community is located on 11 acres adjacent to Notre Dame University. The buyer has renamed the property Clover Village and plans to reposition it as the premier student housing community in the area through capital improvements and renovation. The multi-million dollar repositioning is expected to begin immediately and be complete this fall. The purchase, when combined with Prime Property Investors’ existing, fully occupied student housing communities, gives the company the largest portfolio of student housing apartments in the market.

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