Versity Invest announced that it has officially begun rebranding as Crew Enterprises. With the launch of its first REIT, Versity elected to rebrand.
In conjunction with the rebranding, Crew Campus REIT announced the acquisition of its first REIT asset, Oso Verde Apartments, located in Waco, Texas, near Baylor University.
Oso Verde was constructed in 2015 and consists of 103 units and 297 beds. The community offers multiple floor plans featuring great amenities such as 10-foot ceilings, vinyl wood flooring, granite countertops, walk-in closets and private balconies.
Blake Wettengel, CEO of Crew Enterprises, added, "The acquisition of Oso Verde Apartments accomplishes two goals. First, it's great real estate, well-located near a top tier University, purchased at a great price and it should yield compelling returns. Second, it kicks off our REIT, providing investors with diversification in an ascendant asset class. With our newly developed institutional line of cre