Student Housing Property Near University of South Florida Closes for Undisclosed Amount

HOUSTON, Dec. 12, 2012 /PRNewswire/ -- Sterling University Housing, the student housing division of The Dinerstein Companies, announced today that an institutional pension fund advisor has purchased Sterling North Campus , their 206-unit, 734-bed student housing community in Tampa, Florida. Sterling North Campus was 95% occupied at closing. CB Richard Ellis' National Student Housing Group represented the parties in the transaction and the property was purchased for an undisclosed amount.  

Built in 2010, Sterling North Campus received LEED for Homes Gold certification and features high-end amenities including fully-furnished all-inclusive residences, two expansive pool plazas, aqua lounge with multiple 42" outdoor high definition televisions, billiards, multifunctional club house with private study rooms, cyber cafe, athletic center and computer center featuring Apple and PC products.  

About The Dinerstein Companies

The Dinerstein Companies was established in 1955, a Houston-based, family owned and operated company that has built and operated apartment communities in twenty-seven different states. The company currently employs in excess of 400 employees.   

About Sterling University Housing

Sterling University Housing is a national leader in the development, construction and management of off campus student housing communities. Sterling is an affiliate of The Dinerstein Companies, one of the largest developers of luxury, green apartments in the U.S.

Contact:  Misti Morales 
The Dinerstein Companies 
3411 Richmond Avenue, Suite 200 
Houston, Texas 77046 
832-209-1200 
misti.morales@tdc-properties.com

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SOURCE The Dinerstein Companies