Greystar Real Estate Partners has sold University View, a pedestrian student housing community adjacent to the University of Maryland.
Greystar acquired the property in 2016 in a joint venture with real estate private equity firm Rockpoint Group, and the partnership has agreed to sell the property for $235 million, marking the largest ever single-asset student housing transaction in the United States.
University View is a 1,573-bed (507-unit) pedestrian student housing community comprised of two high-rise buildings with 9,218 square feet of ground-floor retail space. The partnership executed on significant capital upgrades to the property, including extensive renovations to units and all common areas. Located adjacent to the University of Maryland, University View offers students an easy commute to campus across a connecting pedestrian bridge.
