Brand Story
29 Jun 2022, 23:13 GMT+10
Vesper Holdings ('Vesper'), a privately-held real estate investment firm based in New York City, and funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), a leading global investment manager, are pleased to announce their joint venture acquisition of ON50 Tampa ("ON50").
ON50 is a 156-unit, 444-bed apartment community that caters to students attending the University of South Florida ("USF"). The property's unit mix is comprised of 3- and 4-bedroom floorplans. ON50 is located adjacent to USF's main campus in Tampa.
The apartments are furnished and include fully equipped kitchens, washers and dryers, and balconies. ON50's residents enjoy a full range of amenities including an oasis-style swimming pool, computer lab with free printing, study lounge, movie & entertainment center, hammock garden, community kitchenette, gourmet coffee bar, and location on the USF shuttle route.
"Our acquisition of ON50 is part of a strategy to purchase well-located student housing properties in strong markets that offer our investors superior risk-adjusted returns," commented Isaac Sitt, Co-Founder and Co-CEO of Vesper Holdings. "ON50 marks our fourth acquisition with Fortress over the past 13 months. We look forward to expanding our relationship with Fortress as we pursue additional acquisitions in the months to come."
Vesper's student housing portfolio is among the 10 largest in the United States. Vesper's portfolio, including ON50, is managed by Vesper's subsidiary property management company - Campus Life & Style ("CLS"). CLS currently manages over 26,000 student housing beds across 32 university markets.
About Vesper Holdings
Founded by Elliot J. Tamir and Isaac J. Sitt, Vesper Holdings is a privately held real estate investment firm based in New York City. Vesper Holdings' diverse portfolio includes student housing, retail, mixed use, office buildings, and parking structures. Vesper Holdings ranks as the 9th largest student housing owner in the United States. Its real estate portfolio consists of 51 properties, including over 23,000 student housing beds.
Media Contact
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
Get a daily dose of Albuquerque Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...