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TH Real Estate acquires Minnesota student housing assets

The Bridges

TH Real Estate has acquired two student housing properties in Minneapolis, MN, adjacent to the University of Minnesota.

The assets were purchased from a Minneapolis-based owner/developer. The Knoll was built in 2013 and The Bridges in 2014, comprising of 226 bedrooms across 101 units, and 230 bedrooms across 210 units respectively. 

"Both The Bridges and The Knoll are high-quality buildings in excellent locations that provide residents immediate walking accessibility to both the University of Minnesota’s campus, as well as the dynamic neighborhood of Dinkytown," said Brian Eby, Senior Director at TH Real Estate, overseeing multifamily and student housing transactions. "The assets are well received by the student population and have had consistently high occupancy levels."

TH Real Estate targets student housing assets that are purpose-built, core and value-add assets in select target university markets. The platform currently owns over 6,000 beds and seeks assets located at public universities with Division I athletics with enrollment levels of at least 15,000.

"We believe the sector is poised to take advantage of trends that will play out beyond traditional real estate cycles and offers defensive characteristics such as transparent demand driven by student enrollment, which we see increasing over the next five to 10 years. It also has the potential to offer diversification from several perspectives, including location, demand drivers and event risk."


This press release intended for trade press only. Please do not redistribute. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. TH Real Estate is an investment affiliate of Nuveen, LLC (“Nuveen”), the investment management arm of TIAA. Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. COMP201700453

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