Holliday Fenoglio Fowler handles sale of 401-bed student housing property; EMET Capital Management, LLC buys College Suites at Brockport

February 06, 2018 - Upstate New York

Brockport, NY Holliday Fenoglio Fowler, L.P. (HFF) arranged the sale of College Suites at Brockport, a 114-unit/401-bed student housing community serving The College at Brockport SUNY.

Jose Cruz,
HFF

 

Andrew Scandalios,
HFF

 

Stephen Simonelli,
HFF

 

Kevin O’Hearn,
HFF

 

Michael Oliver,
HFF

 

The HFF investment advisory team representing the seller included senior managing directors Jose Cruz and Andrew Scandalios, managing director Kevin O’Hearn, senior directors Michael Oliver and Stephen Simonelli as well as directors Jordan Avanzato and Ryan McBride.

The HFF team represented the undisclosed seller, and procured the buyer, EMET Capital Management, LLC. 

College Suites at Brockport is situated on 12 acres at 4599 Redman Rd., 18 miles west of Rochester.  Completed in 2009, the property is one of the closest privately owned student housing properties to campus and includes a mix of two-, three- and four-bedroom fully furnished floorplans. 

Amenities include a fitness center, game room, business center, 24-hour group study area and complimentary shuttle service to campus.  

“The demand for this well-located, off-campus housing property was very strong among private investors as they saw the significant upside potential,” Cruz said.

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