PEP Charges Into 2016 With 4th Student Housing Acquisition in the Southeast
SAN DIEGO, CA, Dec 30, 2015 - Pierce Education Properties today announces the purchase of College Suites, a premier off-campus student housing community serving Western Kentucky University (WKU) students. PEP completed the acquisition in just 22 days.
"PEP is excited to expand its growing footprint in the region with this representing our fourth purchase of a student apartment community in the Southeast in the last year," said PEP President and CEO Fred Pierce. "College Suites is one of 11 student apartment communities representing more than $240 million acquired by PEP in the last two years, adding approximately 6,700 new beds to our portfolio."