Press Release | 01.25.2017

Acquisition of Student Living Investment in Murfreesboro, Tn

MSP acquired Vie at Murfreesboro, a 696-bed purpose built student housing community serving Middle Tennessee State University in Murfreesboro, TN. The property had recently undergone a $2 million unit upgrade program that resulted in the operational stabilization of the property, and MSP spent an additional $1 million to upgrade the common areas and amenities. Through this investment, MSP gained exposure to student housing in a solid student housing market that has no new planned supply for the foreseeable future.