Articles About Global Exchanges
- Author:
- Matt Ward
- Posted:
- 07.22.2008
Student Housing Flexes its Muscles with Illini Tower Sale
In a transaction that demonstrates the inherent strength of the red-hot student-housing market, an Australian firm recently purchased the 725-bed Illini Tower in Champaign, IL, for approximately $60 million. Do the math and you’ll find that the cost-per-bed adds up to a whopping $82,758. The building serves students of the University of Illinois at Urbana-Champaign. […]