Blue Vista holds final close
Blue Vista has held a $241 million final close for its student housing vehicle, Blue Vista Student Housing Select Strategies Fund, in December 2016. The fund launched in 2015. The closing marked Blue Vista’s fifth student-housing vehicle. The fund will focus on investing in a mix of operating and development properties located close to major college campuses. The fund has started investing its capital. It has invested in five properties located in various markets, including Boston, Raleigh, and Syracuse, N.Y., totaling approximately $100 million of commitments. Since 2003, Blue Vista has acquired and/or developed more than $2 billion in student housing properties, representing 36,000 beds at 51 colleges across the United States.