NEWTOWN SQUARE, PA – GMH Capital Partners, L.P. and AGC Equity Partners announced the acquisition of The Dean, a 672-bed mixed-use student housing project in Champaign, Illinois, from Core Spaces . Construction of The Dean started in fall 2018 and was completed by the Seller in summer 2020.
The Dean is a 240,737-square-foot off-campus student housing community consisting of 17 tales, with ground floor retail anchored by Target and Jimmy John s. The property is situated at the intersection of South Sixth and East Green Streets in Campustown, adjacent to the University of Illinois – Urbana Champaign campus and within walking distance to the area s many bars and restaurants, as well as event venues such as State Farm Center and Memorial Stadium.
The Dean fits seamlessly into GMH and AGC s portfolio of student housing properties and grows our existing presence in Campustown, said Gary M. Holloway Jr., President of GMH Capital Partners. The Dean provides students who are ready to transition into apartment living with the perfect home away from home complete with modern amenities and convenient access to campus and retail. As the property s new owner and manager, we look forward to getting to know our residents and providing them with an exceptional living experience despite these unique times we re all experiencing.
The Dean provides best-in-class student living, featuring spacious units that average 683 square feet and contain private bathrooms, stainless steel appliances, and modern finishes throughout. The Asset provides a market leading amenity package including multiple study lounges, fully-equipped fitness center, rooftop sundeck, pool, hot tub, and an outdoor lounge with a grilling area and built-in seating for entertaining.
GMH and AGC also own four additional properties located in Campustown including 908 S. First St., 501 S. Sixth St., 307 E. Daniel St., and 1008 S. Fourth St, which comprise 398 beds in total (collectively known as The Academy Campustown.

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KANSAS CITY, MO – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the completed sale of Watermark at Tiffany Springs, a 276-unit Class A multifamily community in the Kansas City suburb of Northland for $60 million. The buyer was an entity controlled by A&C Ventures, Inc. (ACV), a private investment firm based in Sonoma, Calif.
“We were able to build Watermark at Tiffany Springs under budget, stabilize occupancy and sell this community for attractive returns in just 36 months,” said Josh Purvis, managing partner of Watermark Residential. “Even in the current environment, Watermark at Tiffany Springs was able to reach stabilization, further affirming Watermark’s ability to deliver sought-after communities based on style, convenience, location and luxury.”
Watermark at Tiffany Springs is located at 9641 North Ambassador Drive and features one-, two- and three-bedroom homes which include oversized windows, plank-style flooring, in-home washer and dryers, granite countertops, stainless steel kitchen appliances and private patios or balconies. Community amenities include a resort style pool with in-water loungers, a fully equipped clubhouse, outdoor firepit area, gas grilling stations, dog park and a 24-hour fitness center.
The property is strategically located near the major roadways of I-29 and Highway 152, allowing simple access to a variety of dining, entertainment and shopping options, including Tiffany Springs Market Center and Zona Rosa Town Center. Major employers, such as Cerner, a leader in health information technologies, and the University of Missouri-Kansas Cityare just a small drive away.
Watermark at Tiffany Springs is one of two Watermark properties in the Kansas City area and one of four in the state of Missouri. Since 2010, Watermark Residential has closed on more than 50 projects totaling in excess of 14,000 multifamily apartment homes. The company has consistently focused on developments in areas experiencing rapid job growth, increased rental demand and barriers to new supply.
Mac Crowther and Whittaker Potts with Newmark represented Watermark on the sale.

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COLUMBUS, OH – Herman & Kittle Properties announced that Whispering Creek, a new construction apartment community in Columbus, is now open and available to take applications. This $5 million development is located at 2960 Gooden Way off of Hague Road on the west side of the city and features 188 apartments in Columbus.
Whispering Creek offers one-, two-, three-, and four-bedroom affordable Columbus apartments currently available for rent. One-bedroom apartments are 803 square feet, two-bedroom apartments are 950 square feet, three-bedroom apartments are 1,050 square feet, and four-bedroom apartments are 1,200 square feet.
“We excited to offer new affordable apartments in Columbus that are now available for local residents,” said a Herman & Kittle representative. “The apartment homes are conveniently located to shopping and restaurants and just minutes from downtown Columbus.”
Herman & Kittle Properties, Inc. started construction in February 2018 and completed is a multi-family apartment complex that offers affordable rate pricing for residents. Construction started on the property in 2019 and currently has all apartments listed as go-in ready. There are 52 one-bedroom homes, 84 two-bedroom homes, 36 three-bedroom homes, and 16 four-bedroom homes. For more information on leasing or to schedule a tour you can visit the Whispering Creek website or call (833) 493-2585
Each apartment home comes with a wealth of interior amenities and our pet-friendly community has a number of community amenities. All of our apartments in Columbus come with carpet, central air, a dishwasher, refrigerator, patio, and washer and dryer hookups. Within the community you can delight in our barbecue grills, business center, dog park, fitness center, laundry facility, play area, and more. There are a number of floor plot options for residents to browse.
This property is located just north of the Hague Road intersection with Interstate 70 just east of Interstate 270. This means that our Columbus apartments are just minutes from downtown Columbus. There are several shopping options just to the west of the property on Hilliard Rome Road.

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