The Transwestern National Student Housing team has brokered the disposition of University Flats, a 262-bed student housing community at 1758 6th Avenue in Greeley, Colorado. 1758 6th Avenue, LLC purchased the property for $16,474,500 or $62,879 per bed.
Transwestern Senior Managing Directors Mike McGaughy, CCIM, and Jon Kleinberg, and Vice President John Blackshire executed the transaction on behalf of the seller, a lender-controlled REO ownership entity, via the RI Marketplace commercial real estate auction platform.
Built in 2014 and designed by Archshop Architects, University Flats consists of eight buildings with a combination of two and three-bedroom units…