BWE secured $36,029,500 in acquisition financing for The Monroe, a 796-bed student housing property at Indiana University in Bloomington. Campus Realty Advisors acquired the asset and was advised by Christopher Carroll and Max Miller from BWE’s Chicago office.
Carroll commented on the transaction: “Students are increasingly looking for high-quality amenities when selecting their college housing options. We were proud to partner with Campus Realty Advisors to help them acquire The Monroe so that it can become an ideal option for Indiana University students in Bloomington.”
The Monroe is located at 1150 S Clarizz Blvd., close to several of the university’s larger colleges making it particularly popular with students who have classes on the southeast part of campus according to BWE.
This acquisition provides an opportunity for Campus Realty Advisors to reposition The Monroe as a premier student housing choice near Indiana University’s main campus in Bloomington.
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