Harrison Street Real Estate Capital, a real estate investment firm dedicated to the education, healthcare and storage sectors, has acquired Century Hall, a 170-unit, 318-bed student residence hall at Arizona State University – Polytechnic Campus for approximately $27 million.
Built in 2012, Century Hall is located at the heart of the Mesa, Ariz., campus, adjacent to ASU Poly’s student union, campus rec facility, campus dining facility and the main academic facilities. The property offers residents two multi-purpose rooms, a resident community kitchen, group study rooms, and student activity lounges on each floor with games and onsite classroom spaces. Capstone Management Partners will manage the property in collaboration with ASU.
Christopher Merrill, CEO of Harrison Street said, “We are excited to partner with Arizona State University and support the University’s efforts to provide their students with much needed high-quality student accommodations. Initially built as a P3, Century Hall plays an important role on ASU Poly’s campus, and we look forward to further investments with ASU, working alongside Capstone and bringing our significant resources and P3 experience to a vital, growing institution.”
