University Fields (1,152 bed student housing community in Harrisonburg, VA) purchased by NY investment firm for $19MM


University Fields (1,152 bed student housing community in Harrisonburg, VA) purchased by NY investment firm for $19MM
By Scott Rogers • November 15, 2013
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. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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