TSB Realty presents the opportunity to acquire Grant Street Station & South Street Station, two properties totaling 176 units and 364 beds servicing Purdue University in West Lafayette, Indiana. Grant Street Station & South Street Station were delivered in 2013 and 2015, respectively, and are currently managed by a local operator. Both properties are located pedestrian to Purdue’s main campus.
Grant Street Station & South Street Station offer a unique unit-mix of one-, two-, three- and four-bedroom units that offer a lower-cost option for students looking for a purpose-built student housing community with an excellent location. Specifically, current rent is a minimum of 11% below the market for similar finish qualities. The properties feature full bed-to-bath parity throughout, standard community amenities, and a premium location within walking distance to campus.