Rittenhouse Realty Advisors and Triad Real Estate Partners Sell Champions Club at University of Arkansas for $15,000,000

Champions Club, University of ArkansasChampions Club, University of Arkansas (Submitted Image)

PHILADELPHIA, PA — Rittenhouse Realty Advisors, a member of GREA, and Triad Real Estate Partners announced the recent sale of Champions Club, a 76-unit, 232-bed student housing property located 1629 S. Razorback Road in Fayetteville, Arkansas. The newly constructed trophy asset is located one mile from the University of Arkansas, which has an enrollment of over 29,000 students.

Community amenities include a swimming pool, fitness center, bbq/picnic area with fire pit, dog park, game lounge, and computer lab. Apartments are 2, 3, or 4 bedrooms, are fully furnished and include 1 to 1 bed/bath parity and in-unit laundry.

Enrollment at the University of Arkansas has increased by over 5% compared to the 2020-2021 academic year. Sean Lyons, founding partner of Triad, stated: “This off-market transaction clearly demonstrates the continued strong demand for quality student housing assets at flagship schools. The University of Arkansas experienced record enrollment for this Fall, and properties like Champions Club will continue to be the beneficiaries of this growth pattern.”

Douglas Sitt, Co-Head of Student Housing at RRA/GREA added: “Tier-1 universities in the south are experiencing record pre-lease velocity and rent growth. Champions Club, adjacent to the University of Arkansas, is a prime example of that. The property and market are performing well beyond expectation in terms of rent growth and high occupancy.”

“GREA’s national platform in partnership with Triad allowed us to find a family office buyer that is newer to the student housing space,” stated Ken Wellar, managing partner at RRA/GREA.

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