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.
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.