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 Nashville Herald 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 Nashville Herald.
More InformationORLANDO, Florida: For years, Universal Orlando played second fiddle to Disney's sprawling empire in Central Florida. Now, with the...
WASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...
WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...
WASHINGTON, DC - U.S. President Donald Trump re-ignited his trade war on Friday with an extraordinary attack on the European Union...
ATLANTA, Georgia: A judge in Georgia has ruled that Delta Air Lines can continue most of its lawsuit against the cybersecurity company...
WASHINGTON, D.C.: U.S. senators from both parties introduced a bill this week aimed at countering China and Russia's growing influence...
SYDNEY, Australia: Australian businesses are feeling optimistic about their prospects in China despite escalating global trade tensions,...
MOSCOW, Russia: Russia's top oil company, Rosneft, has taken over control of the country's largest rare earth metals deposit, Tomtor,...
GOTHENBURG, Sweden: Volvo Cars is stepping up its collaboration with Google to become the lead development partner for Android automotive...
NEW YORK, New York - U.S. stock markets fell Friday as President Donald Trump launched an extraordinary attack on the European Union,...
SAN FRANCISCO, California: Levi Strauss is parting ways with Dockers. The denim giant announced this week that it will sell the Dockers...
OTTAWA, Canada: Canada's inflation picture became more complicated in April, with headline inflation easing but core measures ticking...