Campus Realty Advisors has secured $36 million in acquisition financing for The Monroe, a student apartment community at Indiana University in Bloomington, Ind., according to various media outlets. BWE secured the financing.
Located at 1150 S. Clarizz Blvd., The Monroe is a 796-bed student housing property located in one of the three purpose-built student housing submarkets that serve Indiana University. Due to its closeness to several of Indiana University’s larger colleges, The Monroe is favored by students taking classes on the southeast portion of campus.
Apartments at The Monroe include full-size washers and dryers in every unit, fully equipped kitchens, private bedrooms and bathrooms as well as community-wide wi-fi. A 24-hour business center with iMacs and free printing is among the common-area amenities.
