La Jolla, CA ? Interwest Capital Corporation is pleased to announce its purchase of the 904-bed Class A student housing project known as The Woodlands of College Station. A management contract for an additional 440 beds was also included in the transaction. This acquisition proved to be exceedingly intricate and necessitated a delicate balance between financial, legal, and operational aspects. The underwriting and execution highlights Interwest?s ability to assemble highly-capable teams and complete complex acquisitions in record time.
Interwest is excited to have engaged Campus Advantage, one of the largest student housing operators in the United States, to manage the property. The Woodlands of College Station is the 8th multifamily property in Interwest?s diverse, and growing, commercial real estate portfolio. The 43-acre property will continue to be operated as a by-the-bed student housing community due to its close proximity to Texas A&M University?s 50,000 students.
About Interwest Capital Corporation
Interwest Capital is a private equity firm specializing in the acquisition, operation, and repositioning of commercial real estate with an emphasis on multifamily and hospitality assets. With a national portfolio of approximately 3.25 million square feet, Interwest has become an industry leader through extensive experience restructuring significantly underperforming assets and has a strong track record of successfully repositioning historic properties. Interwest now owns eight apartments with nearly 2,000 units across the United States.
For more information about Interwest Capital, please call 858-622-4900 or visit www.interwestcapital.com.