Strategic Asset Management I announces purchase and JV of student housing property located at the University of Arkansas

Strategic Asset Management I (SAM) and an affiliate of Virtus Real Estate Capital (Virtus) entered into a joint venture and acquired YOUnion@Fayetteville, a student housing property located at the University of Arkansas. The joint venture purchased YOUnion@Fayetteville from Strategic Student & Senior Housing Trust, a public non-traded REIT sponsored by SAM, for a purchase price of $72.25 million. In addition, a SAM affiliate will serve as property manager on behalf of the joint venture.

The YOUnion@Fayetteville contains 198 units and 589 beds, with one-, two-, three- and four-bedroom, fully furnished floorplans. The property sits on 2.3 acres of land adjacent to the University of Arkansas and is 100 percent leased for the 2024–2025 academic year.

“Our YOUnion Student Living brand represents best-in-class student housing owned and operated communities nationally,” said H. Michael Schwartz, CEO at SAM. “We are pleased to partner with Virtus, an experienced in