Muinzer Expands Investment Goals with Acquisition of 1,134 Bed Village West Student Housing Community Near Purdue University

WEST LAFAYETTE, IN – Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Village West near Purdue University in West Lafayette, IN. The property is one of the largest student-housing assets in the nation totaling 1,134 beds underpinned by 22 acres of land. The asset is currently 100% leased and 100% pre-leased for August 2023.
“This transaction unlocks significant value and allows our original institutional equity partner to successfully exit. It also provided Muinzer with the opportunity to increase our ownership stake in Village West while continuing our onsite property management role. We look forward to continuing to make value while providing superior customer service,” said Marc Muinzer, Founder and CEO of his namesake firm. “Thank you to our incredible team, lenders, and investment partners. Even in an uncertain macroeconomic environment, we have successfully completed nearly $250 million of transactions thus far in 2023,” added Mr. Muinzer.
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. With our portfolio 100% leased and 100% pre-leased for August 2023, we continue to expand our team and acquisition goals. In 2023 and 2024 we are looking to buy an additional $1 billion of student-housing assets near high-growth universities,” added Michael Snyder, COO of Muinzer.
Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, West Lafayette, and Chicago, Muinzer is one of the largest owners of student housing in the Huge Ten and SEC Conferences.

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Broadway Apartment Building Project Becomes First in New York City to Use AI Construction Technology Platform to Enhance Efficiency

NEW YORK, NY – Eyal Ofer’s new Columbus Circle Building at 1841 Broadway is now the first project in New York City to use the AI construction platform Buildots, developer Global Holdings Management Group and Buildots have announced.
The project is located just north of Columbus Circle, southwest of Central Park and adjacent to the Time Warner Center and the prestigious 15 Central Park West development, which was also led by Eyal Ofer’s Global Holdings. The 26-tale, 298-ft.-tall building will include nearly 197,000 sq. ft. of residential space encompassing 123 housing units, as well as over 20,000 sq. ft. of commercial retail space.
After site data captured via helmet-mounted 360-degree cameras is automatically analyzed using proprietary AI algorithms, the platform provides the project management team with right-to-life progress reports supported by visuals. This leads to significantly improved efficiency in terms of costs, labor and management time, and resources.
The award-winning technology is currently being used on sites across North America, the UK, Europe and the Middle East by leading global construction firms including Sir Robert McAlpine, Lendlease, Build Group and EllisDon among others.
J.J. Ofer, CEO of Global Holdings Management Group (US), said, “Global Holdings has a strong pipeline of projects and we see the huge impact that Buildots has on efficiency and transparency in construction, which are critical factors that help us to maximize usage of our resources, minimize costs and speed up construction in a responsible way. The Buildots technology platform is used to fundamentally enhance our project management capabilities and we are excited to be working with the company and bringing this revolutionary technology to New York.”
The building, located at the corner of Broadway and West 60th Street, has been designed by INC Architecture & Design with SLCE Architects serving as the architect of record.
“We are thrilled to bring Buildots’ AI-based technology to New York City with the Columbus Circle Building project. Our platform offers full visibility and control on projects’ progress, enabling improved performance and efficiency, and we look forward to collaborating with Global Holdings Management Group and other leading developers on future projects in New York and beyond,” said Buildots CEO Roy Danon.

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Wood Partners Welcomes Residents to 300-Unit Alta Blue Goose Luxury Apartment Community in Austin’s Growing Northern Corridor

AUSTIN, TX – Wood Partners, a national leader in multifamily real estate development, announced, the grand opening of its latest luxury residential community, Alta Blue Goose in Austin, Texas.
Located at 8110 Blue Goose Road, Alta Blue Goose is positioned along Austin’s growing northern corridor and provides residents with simple access to the city’s leading retail, dining, and entertainment destinations via the 290 and 130 highways. Situated just south of Austin’s thriving tech corridor, the community places residents within minutes of the city’s leading employers including Dell, Samsung, Facebook, Tesla, GM, and The Home Depot. Alta Blue Goose is also adjacent to Wildhorse Ranch, a newly established master plotted community, and the $880M transformation of Walter E. Long Metropolitan Park, home to hiking and biking trails, fishing piers, and picnic areas.
“Wood Partners is excited to officially welcome residents to Alta Blue Goose, which provides the perfect home location to those in the flourishing East Austin area,” said Bart Barrett, Managing Director for Wood Partners. “This is an exciting addition to our evolving Austin portfolio, and we look forward to continuing to expand our presence throughout the Central Texas region.”
Alta Blue Goose offers residents 300 apartment homes comprised of one-, two- and three-bedroom floor plans. Each home comes fully outfitted with luxurious urban accents and high-end finishes including granite countertops, 42-inch kitchen cabinets, stainless steel GE appliances, designer tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths. Select units offer a smart technology package providing added connectivity and security for residents.
Outside their home, Alta Blue Goose residents can also delight in a wide range of top-quality community amenities including a resort-style pool, an outdoor kitchen with grilling area, and an on-site dog park. Residents also have access to a clubroom area that features a state-of-the-art fitness center, business and conference spaces and ample entertainment areas. All common areas throughout the community will feature an urban design motif and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity. Interior design for the property was completed by makrDESIGN.

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