AUSTIN – Nimes Real Estate has purchased 21 Rio, a 296-bed student housing community at 2101 Rio Grande St.
The 21-story building has one-, two-, and three-bedroom units and 2,680 sf of ground-floor retail space.
Amenities include a fitness center, rooftop pool, resident lounge, and convenience store.
The seller was a joint venture between CA Student Living and Principal Real Estate.
TSB Capital Advisors negotiated the sale and arranged acquisition financing.
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