OC Ventures Pays $23M for NC Student Housing

OC Ventures has acquired Spring Place, a 168-unit student housing community in Greensboro, N.C. Berkadia’s Student Housing Kevin Larimer and Greg Gonzalez were part of the team that secured the sale on behalf of Waypoint Residential, which purchased the asset in 2017, in a $102 million portfolio deal. According to Yardi Matrix data, OC bought the asset for $23.2 million, or $137,797 per unit. Burkely Communities manages the property.

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