Vesper Holdings Buys 405-Bed Student Housing Property Near University of Houston

by Taylor Williams

HOUSTON — New York City-based investment firm Vesper Holdings has purchased Tower 5040, a 405-bed student housing property located near the University of Houston. Built in 2020, the midrise building features 147 units in a mix of studio, one-, two- and four-bedroom floor plans, all with bed-to-bath parity. Units are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and private balconies. Communal amenities include a pool with a hot tub and sundeck, computer lab, TV lounge, outdoor kitchen and grilling area and study rooms. The seller and sales price were not disclosed.

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