WEST LAFAYETTE, IN – Muinzer, a fully-integrated real estate investment firm specializing in student housing, announced the sale of the Salisbury Portfolio near Purdue University in West Lafayette, IN.
The five-property portfolio consists of 290 student housing beds that are 100% leased for the August 2023 school year and 100% pre-leased for the August 2024 school year. Scott Clifton of JLL spearheaded the institutional sales process that generated significant interest and resulted in multiple offers for the portfolio.
Muinzer bought the Salisbury Portfolio via an off-market transaction in 2017.
“I have been a net buyer of student housing near my alma mater, Purdue University, for well over 20 years and 2024 will be no different. That said, this was a fantastic opportunity for us to sell a small holding while generating exceptional returns for our investors,” said Marc Muinzer, Founder and CEO of his namesake firm.
Muinzer started investing in student housing in 2002 and is one of the largest owners in the Huge Ten and SEC Conferences. “Student housing fundamentals are the strongest we have seen in the last 20 years. In 2024 and 2025 we plot to expand our team and buy an additional $1 billion of student housing assets near high-growth universities in the largest conferences,” added Michael Snyder, COO of Muinzer.
“In 2024 we will continue our nationwide expansion by concentrating our investments near the largest and fastest growing universities. I’m incredibly proud of the entire Muinzer team,” added Mr. Muinzer.

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PHOENIX, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Aster Ridge, a single-family build-to-rent community that closely borders the thriving Anthem neighborhood of North Phoenix. Amavi Aster Ridge offers a mix of 177 two- and three-bedroom townhomes and represents Mill Creek’s first single-family build-to-rent community within the Phoenix area. First go-ins are anticipated for March.
“As the North Phoenix/Anthem area emerges as a key employment hub, demand for quality housing continues to rise,” said Sam Griffin, vice president of land acquisition for Mill Creek’s Southwest Region. “Amavi Aster Ridge represents the lone professionally managed townhome community in the immediate area, and we look forward to welcoming our first residents to their new homes. With attached garages and private backyards, Amavi Aster Ridge represents a traditional townhome product and is positioned to offer a genuinely comfortable living experience.”
Located at 4285 W. Denali Lane, Amavi Aster Ridge is a gated community that sits adjacent to Anthem, an award-winning master-plotted community notable for its high-desert backdrop, brilliant school district and vast contingent of retail, dining and recreational outlets. The community also is positioned within 15 minutes of the Taiwan Semiconductor campus, a $40 billion facility that will anchor the growing employment sector in the Anthem/Deer Valley area. Interstate 17 and Anthem Way are easily accessible from the community, along with several parks, lakes and nature preserves.
Each home at Amavi Aster Ridge features attached front-loaded garages and fenced private backyards. The community’s two-bedroom townhomes range from approximately 1,300 to 1,450 square feet while the 25 three-bedroom homes measure approximately 1,500 square feet.
Community amenities consist of a clubhouse/leasing office, resort-style swimming pool, onsite park with playground, fitness studio and open green spaces. The community also features modern streetscapes and aesthetically manicured common areas. Home interiors include stainless steel appliances, wood plank-style flooring, nine-foot ceilings, granite countertops, tile backsplashes, smart thermostats, controlled guest-access technology, ceiling fans and in-home washers and dryers.

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GAINESVILLE, FL – FaverGray, a leading student housing general contractor, is proud to announce the successful delivery of Seminary Lane (Theory Gainesville), a remarkable 298-unit, 862-bed student housing community near the University of Florida in Gainesville.
The project encompasses approximately six acres and consists of four new apartment buildings, varying in height from three to five tales, as well as two parking garages.
What sets the project apart is the exceptional array of rooftop amenities, designed to make a truly exceptional living experience for its residents. These amenities include a resort-style swimming pool, a state-of-the-art fitness center, an impressive Jumbotron for community events, and inviting courtyard spaces for relaxation and socialization.
“We are honored to announce the completion of Seminary Lane,” expressed Ben Hinson, Executive Vice President of FaverGray, emphasizing our commitment to delivering top-tier construction projects tailored to meet the needs and aspirations of developers and owner/operators, setting new benchmarks for quality and innovation in the industry.
“We are proud of the hard work and dedication of our team in bringing this project to life,” said John Kitchens, Division Leader of FaverGray. “Their commitment to excellence and attention to detail have not only ensured the timely delivery of this project but also exemplify our unwavering commitment to exceeding the expectations of developers and owner/operators, setting a standard of quality and reliability in the construction industry.

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