Rittenhouse Realty Advisors, a member of GREA and Triad Real Estate Partners, has sold The Vue on Walnut, a student-housing property located at 430 E. Walnut St. in downtown Springfield, Mo., within walking distance to Missouri State University.
Built in 2019 by Cornerstone Development of St. Louis, the property has a unit mix of one-, two-, three- and four-bedroom units, all with bed/bath parity. Tenant amenities include a pet spa, swimming pool, fitness center, business center, and game room. Units are offered with luxury finishes, balconies or patios, and in-unit laundry.
Missouri State University has an enrollment of more than 24,000 students and has seen a 5 percent increase in enrollment since 2015.
Douglas Sitt, co-head of student housing at RRA/GREA, said, “The student housing market at Missouri State University is well positioned to perform extremely well, as there are no purpose built student housing projects in the development pipeline, while pre-le
