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7/3/2017 |
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Fayetteville development near Dickson Street sells for $57 million |
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By TBP staff
TBP
A real estate investment trust (REIT) managed by California-based SmartStop Asset Management announced Wednesday (June 28) the purchase of The District, a 198-unit, 592-bed student housing property near the Univesrity of Arkansas in Fayetteville.
The purchase price was $57 million, which equals $287,878 per unit. Sterling University Housing of Houston, Texas was the previous owner.
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