Summary:
- New York City-based Vesper Holdings is expanding its student housing portfolio near the University of Missouri with its purchase of The Den, a 158-unit, 522-bed property in Columbia, Mo. Vesper bought the asset in partnership with an unidentified institutional investor.
- The price and seller were not disclosed. However, the property last changed hands in October 2024, when The Michaels Organization traded the asset with Hamilton Point Investments for an estimated $27.6 million, according to Yardi Matrix data.
- On Oct. 9, 2024, the property became subject to a $19.3 million, 5-year CMBS loan, the same source reported. The lender was Deutsche Bank Trust Co. Americas and the loan was originated by Berkadia Commercial Mortgage.
Original article:
https://www.multihousingnews.com/vesper-holdings-expands-student-housing-portfolio-in-missouri/
