By Evelina Croitoru | Mutli-Housing News
Preferred Apartment Communities Inc. has announced the acquisition of a student housing community adjacent to Arizona State University in Tempe. The company purchased the 225-unit, 640-bed campus asset through its wholly owned subsidiary Preferred Campus Communities LLC.
“We believe this property is a premier, well located student housing asset, providing residents with immediate access to the Arizona State campus. We feel the modern features, including a computer lab, two interior court yards, a 24-hour fitness center, and other student-centered amenities are extremely attractive to the resident base,” Paul Cullen, PAC’s chief marketing officer & CEO of PCC, said in a prepared statement.
