University Fields (1,152 bed student housing community in Harrisonburg, VA) purchased by NY investment firm for $19MM
Scott P. Rogers
An auction was scheduled for University Fields back in September -- and now we know who purchased the property.
Vesper Holdings, a real estate investment firm in New York City, purchased University Fields for $19 million on October 28th.
Five million dollars of capital expenditures are planned including renovating the interiors of the apartments, clubhouse and amenities as well as enhancements to the exteriors of each building and technology upgrades.
Pertinent details about University Fields....
- 1,152 bedrooms
- (22) three-story buildings
- Built on a 23.55 acre site.
- Entirely four bedroom units, between 1,100 and 1,200 SF
Read the entire press release here.
Read today's Daily News Record article here.
