
Acquisitions
For its own account, and on behalf of its investors, Place Acquisition Group, LLC, a Place Properties affiliate, seeks out and pursues off-campus college housing and off-post military community acquisition opportunities that meet its investment criteria. From sourcing to negotiating and diligence to closing, Place Acquisition Group employs an in-depth, professional approach unparalleled in the industry. Success hinges on industry knowledge, and this knowledge drives the emphasis toward identifying assets that are in quality locations at growing universities and military markets across the country.
Acquisition Criteria
Over the course of the past 3 years, Place Acquisition Group has underwritten more than 200 assets, comprising more than $5 billion in property value. As a result, our underwriting process is highly efficient and effective. In order to complete a preliminary valuation, the following information is required:
- Brief property description
- Property pictures, site map, location map
- Trailing 12 month detailed income statement
- Current rent roll (pre-leasing rent roll as well, depending on time of the year)
- Most recent property tax statement/notice of assessment
Case Study:
Junction Place

Developed in 2004 and acquired in 2005 by Normal Place, LLC, a Place Properties affiliate, this 475 bed/122 unit community set the standard for future acquisition performance. Since its purchase, Junction Place has enjoyed above market rental rate growth, including 12% growth on select units while maxing out capacity with 100% occupancy and a wait list. With continued growth plans for the Illinois State University, our convenient location to campus, and popular reputation among students, Junction Place is well poised for continued future success.
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