BLOOMINGTON, Ind., Feb. 22, 2017 /PRNewswire/ -- FM Capital announces the recent acquisition of an off-market five property 408-bed Student Housing portfolio adjacent to Indiana University's main campus and downtown Bloomington. Indiana University is currently experiencing record-high enrollment with strong growth over the past five years. This further extends FM Capital's Student Housing portfolio into the Midwest region and increases their total bed count, in currently owned assets, to over 2,000 beds.
"The high-barrier to entry and less crowded buyer pool for Student Housing continues to fuel our strategy," says Eli Bobker, FM Capital's Director of Business Development. "We are excited to expand our portfolio in the Bloomington market with these three residential walk-up properties located near the university's football stadium and two luxury high-end mid-rise developments downtown."
FM Capital plans to upgrade the properties and build a fully integrated social community with high-quality student-life experiences. This vision includes improved amenities such as advanced roommate matching, high-speed internet, spacious lounge and study areas, business-class printing options, events, job fairs, and full concierge services accessed through a mobile app.
FM Capital's sourcing network, unique funding model, and dedicated management approach provides a competitive advantage in the Student Housing market. FM Capital is actively seeking and pursuing additional large-scale Student Housing commercial real estate investment opportunities. FM Capital is targeting newer vintage assets which offer affordable living options and are conveniently located near schools with increasing enrollment.
For all inquiries and leads, please contact:
Joe Fishman, VP of Acquisitions
About FM Capital
FM Capital, LLC is a full service vertically-integrated Commercial Real Estate (CRE) investment firm, headquartered in New York and South Florida. FM Capital invests in commercial real estate and debt strategies. FM Capital has a proven track record. Since their inception in 2007, they've acquired and disposed of more than $1 Billion in assets and over 15,000 units. By utilizing their value-investing philosophy and hands-on management approach, they continue to achieve their success. Their commitment to their clients and investors has fueled their continuous growth. www.FMCapital.com
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SOURCE FM Capital