BLOOMINGTON, IN – FM Capital announces the recent acquisition of an off-market five property 408-bed Student Housing portfolio adjacent to Indiana University’s main campus and downtown Bloomington.
Indiana University is currently experiencing record-high enrollment with strong growth over the past five years.
This further extends FM Capital’s Student Housing portfolio into the Midwest region and increases their total bed count, in currently owned assets, to over 2,000 beds.
“The high-barrier to entry and less crowded buyer pool for Student Housing continues to fuel our strategy,” says Eli Bobker, FM Capital’s Director of Business Development. “We are excited to expand our portfolio in the Bloomington market with these three residential walk-up properties located near the university’s football stadium and two luxury high-end mid-rise developments downtown.”
FM Capital plans to upgrade the properties and build a fully integrated social community with high-quality student-life experiences. This vision includes improved amenities such as advanced roommate matching, high-speed internet, spacious lounge and study areas, business-class printing options, events, job fairs, and full concierge services accessed through a mobile app.
FM Capital’s sourcing network, unique funding model, and dedicated management approach provides a competitive advantage in the Student Housing market. FM Capital is actively seeking and pursuing additional large-scale Student Housing commercial real estate investment opportunities. FM Capital is targeting newer vintage assets which offer affordable living options and are conveniently located near schools with increasing enrollment.