Prime Property Investors, Ltd. Announces Student Housing Property Acquisition at Indiana University in Bloomington, Indiana

NORTHBROOK, Ill., Nov. 6 /PRNewswire/ -- Prime Property Investors, Ltd. announced the acquisition of two student housing apartment buildings adjacent to the campus of Indiana University in Bloomington. The acquisition of the 72 bed facilities marks Prime's first entry into the Indiana University market. The properties located on Cottage Grove and Eleventh Street are within a short walking distance to the center of campus and are 100 % occupied. Prime plans major property renovations and upgrades to the buildings. The properties will be re-branded University Townhomes I and II.

Prime Property Investors, Ltd. is a rapidly growing investment firm building a national portfolio of student housing properties. The firm has been aggressively expanding and will seek to increase its property holdings at the IU campus.

Founded by Co-CEOs, Barbara J. Gaffen and Michael H. Zaransky, in 1993, Prime Property Investors, Ltd. has become a well respected industry leader in the student housing niche. Prime is known for its ability to make quick and confidential offers on student housing assets without cumbersome contingencies.