GMH Communities and Invesco Real Estate acquire student housing portfolio near Purdue University
Type: Acquisition · Technology: Hospitality · Country: United States · Announced: 2026-09-17
GMH Communities and Invesco Real Estate acquired the Grant Street Station and South Street Station student housing portfolio in West Lafayette, Indiana, serving Purdue University. The two-property portfolio includes 176 units and 364 beds, located approximately 0.1 and 0.2 miles from campus respectively. Built in 2014, the assets offer rents meaningfully below newer pedestrian properties while providing comparable access to campus amenities. Invesco Real Estate, with its $86 billion global real estate platform, views student housing as a high-conviction sector with durable demand drivers. The transaction was brokered exclusively by TSB Realty.
Counterparties
- Invesco Real Estate (Buyer)
- GMH Communities (Buyer)
- TSB Realty (Sales Broker)
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