Muinzer boosts student housing portfolio with strategic Purdue University acquisition

Muinzer, a prominent real estate investment firm focused on student housing, has announced its latest acquisition: Grant Street Station and South Street Station, strategically located next to Purdue University in West Lafayette, Indiana. The deal, finalized in collaboration with Walton Street Capital, L.L.C., adds 362 student housing beds to Muinzer’s growing portfolio. Both properties are reported to be 99% pre-leased for the upcoming academic year, reflecting strong demand.

This acquisition marks a significant milestone in Muinzer’s ongoing expansion, bringing its total student housing investments to over $250 million in the past year alone. Marc Muinzer, Founder and CEO of Muinzer, expressed his enthusiasm, highlighting the strategic importance of this investment. “We will continue to acquire student housing communities in top university markets,” Muinzer stated. He added, “I’m very proud of the Muinzer team for executing yet another acquisition next to my alma mater, Purdue University.”

Muinzer’s latest move: $250 million investment in student housing near Purdue University. Photo courtesy of PRNewswire/Muinzer.

Muinzer, which began its student housing investment journey in 2002, is now one of the largest owners and operators within the Big Ten and Southeastern Conference (SEC) markets. Marc Muinzer’s firm aims to leverage its substantial capital access and experienced management team to further expand its holdings. Michael Snyder, Chief Operating Officer of Muinzer, shared the firm’s forward-looking goals. “We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities.”

Founded by Marc Muinzer, the company has established a strong presence with offices in major cities including Los Angeles, Knoxville, Auburn, West Lafayette, and Chicago. Muinzer’s extensive portfolio and strategic acquisitions underscore its commitment to maintaining a leading position in the student housing sector.

Walton Street Capital, L.L.C., founded in 1994, is a private equity real estate investment firm with a notable track record. The firm has raised over $15 billion in capital commitments through its affiliates. Walton Street’s principals have extensive experience in acquiring, financing, managing, and selling real estate, with a cumulative real estate industry experience spanning more than four decades.