CHICAGO, IL – Blue Vista Capital Management, a leading Chicago-based real estate investment firm, announced the formation of a new joint venture partnership with Koramco Asset Management, one of South Korea s top real estate investment management firms, and a second South Korean institution, to invest in top-tier core student housing assets across the United States. Through the Partnership, Blue Vista completed the acquisition of Villas on Rio, a 856-bed property at the University of Texas at Austin, in addition to the recapitalization of Theory Syracuse, a 601-bed property at Syracuse University. These initial student housing investments represent approximately $250 million in total combined asset value.
Jason Schwartz, Blue Vista s Managing Principal of Student Housing said, Blue Vista is proud to be the partner of choice for two well-established Korean institutions. The properties at the University of Texas at Austin and Syracuse University highlight the type of premier student housing investments that this partnership will pursue, as well as our commitment to providing students with highly amenitized living accommodations. We look forward to cultivating a strong relationship going forward as we continue to do on our strategy of investing in Class A assets at leading U.S. universities.
Nick Lee, Vice President at Blue Vista also said, This partnership is a testament to our team s extensive real estate investment expertise and dedicated effort to developing meaningful cross-border relationships with international investors, especially in South Korea where we have made a long-term concerted effort. We are pleased with the support that we have received from leading South Korean investment institutions and look forward to working together to identify strategically-positioned core student housing properties across the U.S.
KN Kim, Head of Overseas Real Estate Investment Team 1 at Koramco added, We are thrilled to be partnering with Blue Vista to invest in this exciting sector. There is significant demand for investment into core U.S. student housing, and this strategic joint venture between Blue Vista and our Korean partner showcases the global momentum in the sector.
The Partnership s two initial investments are well-located, Class A student housing properties which leverage Blue Vista s investment platform and vertical integration with affiliate PeakMade Real Estate, one of the largest student housing management and development companies in the U.S. Comprised of 245 units and 601 beds, Theory Syracuse is walking distance from Syracuse University s main campus and nearby downtown amenities. The property was initially developed in 2018 by Blue Vista and Peak as part of its value-add student housing strategy. Comprised of 279 units and 856 beds, Villas on Rio is centered within the University of Texas highly well loved West Campus. Villas on Rio offers top-tier amenities and is within walking distance of campus, restaurants, retail, and nightlife options, and just a small drive from downtown Austin.

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FORT WORTH, TX – West Shore, a multifamily real estate investment firm, continues to expand with the acquisition of The Sovereign, a luxury apartment community in Fort Worth, Texas. This is West Shore’s fifth acquisition in Texas, having previously bought properties in College Station. West Shore now owns and operates over 11,000 units in seven states.
“We intend to continue to grow our footprint in Texas,” said Steven P. Rosenthal, Chairman of West Shore. “The Sovereign is a unique property in the quick-growing Dallas-Fort Worth region, an exciting and vital market that we are proud to enter.”
The 322-unit property in North Fort Worth features one-, two-, and three-bedroom apartments with upscale amenities and high-end features. The pet-friendly community offers an on-site dog park, auto detailing center, and luxury clubhouse. Residents delight in the resort-style pool, outdoor kitchen, cabana lounge, premier fitness center, and many other amenities. The property, conveniently located near Keller with simple access to downtown Fort Worth and Highway 377, is ideally situated near world-class employers.
“This significant acquisition aligns well with West Shore’s expanding portfolio,” said West Shore President, Lee Rosenthal. “Our disciplined investment model has enabled us to grow our Texas portfolio to over 1,600 units with the buy of The Sovereign.”

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LOUISVILLE, KY – Bluestone Properties is a vertically integrated private real-estate company that owns and manages stabilized high-quality multifamily assets in high growth secondary markets. The firm’s newest acquisition is a 274-unit property named The Ivy, in Louisville, KY.
The Ivy is strategically located off Interstate 71 and Highway 265 with convenient access to Gene Snyder in the heart of East End Louisville’s education corridor. The community offers residents a variety of health and instruction opportunities along with close proximity to EP Tom Sawyer State Park, Eastgate Shopping Center, Lakeforest Country Club, and Ford Motor, making The Ivy one of the most sought after locations in Louisville.
The Ivy is an upscale mid-rise community with open concept floor plans that include high end interior features. The kitchen elements include Quartz countertops, stainless steel appliances, and pendant lighting. The property offers a robust suite of amenities for residents to delight in. These amenities include a golf simulator, a race car simulator, a state of the art community kitchen with a coffee bar, pool table, and entertainment space, along with a resort-style pool and private cabanas. One of the many unique features of this community is the private office spaces available to residents.
Cassandra Murphy, Regional Vice President states, “We are thrilled to add The Ivy Apartment Homes to Bluestone’s well-established portfolio of luxury, multi-family communities. The Ivy is in a prime location with extraordinary amenities and unique floor plans with sleek, high-end finishes. We look forward to providing unswerving customer service to ensure that it is the preeminent choice for Louisville’s east-end renter.”

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