HOUSTON, Dec. 3, 2010 /PRNewswire/ -- Sterling University Housing, the student housing division of The Dinerstein Companies, announced today that Shore to Shore Properties of Sausalito, California has purchased Sterling Northgate, their 98-unit, 348-bed student housing community in Baton Rouge, Louisiana. In escrow for approximately 60 days, Sterling Northgate was 99.7% occupied at closing. Apartment Realty Advisors National Student Housing Group represented the parties in the transaction and the property was purchased for an undisclosed amount.
Built in 2006 and walking distance from Louisiana State University, Sterling Northgate's amenities include a rooftop resort-style pool, cyber cafe, fitness center, tanning salon, and study lounge.
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.
SOURCE The Dinerstein Companies