Muinzer, a vertically integrated student housing investment and management platform, alongside an affiliate of Chicago-based Walton Street Capital, has sold Grant Street Station and South Street Station, two student housing communities totaling 364 beds adjacent to Purdue University in West Lafayette, Ind. Randall Calvert of TSB Realty served as exclusive broker for the transaction.
The transaction marks the successful execution of a five-year business plan in two years, driven by the strength of the Muinzer and Walton Street Capital partnership and disciplined execution.
“For more than two decades, we have built and refined a platform designed to produce exactly this kind of outcome,” said Marc Muinzer, founder and CEO of Muinzer. “Our vertically integrated operating platform creates structural advantages in cost, execution and performance that improve the risk-adjusted returns of our investments. Walton Street has been an outstanding partner, and we are pleased
