ASU Student Housing 91 Million Transaction

ASU Student Housing 91 Million Transaction A huge student housing transaction. The community is very close to ASU University and is in the Apache District. This...

ASU student housing 91 million transaction A huge student housing transaction. The community is very close to ASU University and is in the Apache District. This residential complex sold for $91,000,000. Memphis, Tenn.-based Education Realty Trust purchased the complex. There is a virtual golf course, a comfortable swimming pool, and a two-story gym in the community. The location of the community is at the southeast corner of Rural Road and Apache Road. This community was completed in 2013. It is a student dormitory. The minimum rent for each room is US$700 and the highest is US$1,200. It has a total of 900 rooms. As Arizona State University continues to expand enrollment, more and more students need to live in Tempe. Coupled with the relocation of the US professional basketball headquarters, Tempe is regarded as one of the best investment cities in Arizona. Home prices near Arizona State University continue to rise. For more information about real estate please contact Tinna at Goldtrust Realty (480)287-0180 E-mail: Goldtrustrealty2010@gmail.com