Student Housing Property Near USF Closes for Undisclosed Amount
HOUSTON, Jan. 6, 2011 /PRNewswire/ -- Sterling University Housing, the student housing division of The Dinerstein Companies, announced today that a state pension fund has purchased Sterling 42nd Street, their 196-unit, 722-bed student housing community in Tampa, Florida. In escrow for approximately 45 days, Sterling 42nd Street was 98% occupied at closing. Marcus & Milllichap's National Student Housing Group represented the parties in the transaction and the property was purchased for an undisclosed amount. Campus Advantage has been contracted to provide property management for the Buyer.
Built in 2009, Sterling 42nd Street's amenities include two resort-style pools, cyber cafe, fitness center, and tanning salon.
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 27 different states. The company currently employs in excess of 400 employees.
Contact: |
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Misti Morales |
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The Dinerstein Companies |
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3411 Richmond Avenue, Suite 200 |
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Houston, Texas 77046 |
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832-209-1200 |
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This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE The Dinerstein Companies
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