GMH Communities and Invesco Real Estate Acquire Student Housing Portfolio Steps from Purdue University

Acquisition of Grant Street Station and South Street Station adds 364 beds to GMH's national student housing portfolio

PHILADELPHIA, Sept. 17, 2026 /PRNewswire/ -- GMH Communities (GMH), a vertically integrated real estate company specializing in the acquisition, development and management of exceptional living communities throughout the United States, and Invesco Real Estate, the $86 billion global real estate investment platform of Invesco Ltd., today announced the acquisition of Grant Street Station and South Street Station in West Lafayette, Indiana. Randall Calvert of TSB Realty served as exclusive sales broker for the transaction. The two-property portfolio includes 176 units and 364 beds serving Purdue University.

"Grant Street Station and South Street Station are exactly the type of communities we look for as we continue to grow our student housing portfolio," said Gary Holloway Jr., Chief Executive Officer and President of GMH Communities. "Their exceptional location, quality and strong competitive positioning make this an exciting opportunity for GMH and our partners."

"What stood out to us was the relative value of these assets," said Scott Hirshman, Vice President of Acquisitions for GMH Communities. "Rents remain meaningfully below newer pedestrian properties, offering residents an attractive value proposition without sacrificing location, as the property provides comparable access to campus and surrounding amenities. This combination of location and affordability supports durable occupancy and provides continued runway for rental growth."

The acquisition builds on GMH's extensive experience investing in and operating student housing nationwide as the company continues to pursue opportunities in markets with strong demand fundamentals.

"We're pleased to partner with GMH Communities on this transaction and invest in a market with compelling long-term fundamentals," said Jay Hurley, Managing Director, Acquisitions, Invesco Real Estate. "Student housing remains a high-conviction sector for Invesco Real Estate, and this investment aligns with our focus of targeting well-located assets supported by strong fundamentals, durable demand drivers and opportunities to create value through disciplined ownership."

Built in 2014, Grant Street Station and South Street Station are located just steps from campus, with Grant Street Station approximately 0.1 miles away and South Street Station approximately 0.2 miles away.

About GMH Communities

Headquartered in Newtown Square, Pennsylvania, GMH Communities is a dynamic privately held real estate company specializing in the acquisition, development and management of exceptional living communities throughout the United States. Since 1985, GMH has participated in over 300 transactions representing more than $9.5 billion of gross asset value across all major property types. For more information, visit www.gmhcommunities.com.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with $86.3 billion in real estate assets under management, 596 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of December 31, 2025. With over a 40-year history, Invesco Real Estate, part of Invesco Private Markets, invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.

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SOURCE GMH Communities