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Tailwind Group acquires student housing assets in Kansas
Tailwind Group and its partners announced two acquisitions in their student housing portfolio. In mid-April, the acquisition of Legends Place Apartments in Lawrence, Kan., was completed. In the final week of April, the purchase of Aspen Heights in Wichita, Kan., was finalized. The two acquisitions represent Tailwind Group’s third and fourth major student housing transactions of 2023.
Legends Place Apartments is a 632-bedroom, garden-style community near the University of Kansas. The asset was purchased from ApexOne Investment Partners, and the deal was brokered by Newmark. Aspen Heights is a 327-bedroom complex next to the Wichita State University campus. The asset was purchased from Aspen Heights Partners, and the deal was represented by JLL.
Aspen Heights was rebranded upon acquisition to Altitude at Wichita. Legends Place will be rebranded and has major capital improvements planned.