The two properties, constructed in 2014, feature 176 units positioned just 0.1 and 0.2 miles from university grounds. By acquiring these assets, the firms aim to capitalize on a value-driven segment of the market where rents remain competitive compared to newer, high-end pedestrian developments. Scott Hirshman, Vice President of Acquisitions for GMH, noted that the properties offer a sustainable occupancy model due to their combination of proximity and affordability.

For Invesco Real Estate, the deal represents a continued commitment to the student housing sector. Managing Director Jay Hurley emphasized that the firm remains focused on assets supported by durable demand drivers and clear value-creation potential. This transaction expands the national footprint for GMH, which has managed over $9.5 billion in property value since 1985, and further integrates the company’s operational expertise with Invesco’s $86 billion global investment platform.