Rittenhouse Realty Advisors, a member of GREA, and Triad Real Estate Partners have announced the sale of Champions Club, a 76-unit, 232-bed student housing property located 1629 S. Razorback Road in Fayetteville, Ark. The assets sold for $15 million.
The newly constructed asset is located one mile from the University of Arkansas, which has an enrollment of more than 29,000 students.
Community amenities include a swimming pool, fitness center, barbeque/picnic area with fire pit, dog park, game lounge and computer lab. Apartments are two-, three-, or four-bedrooms, are fully furnished, and include one-to-one bed/bath parity and in-unit laundry.
Enrollment at University of Arkansas has increased more than 5 percent compared to the 2020–2021 academic year.
“This off-market transaction clearly demonstrates the continued strong demand for quality student housing assets at flagship schools,” said Sean Lyons, founding partner at Triad. “The University of
