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Wolf Creek Apartments
Location
Jonesboro, AR
Type and Size
Property Summary
Wolf Creek is a Class A student housing complex consisting of 504 beds in Jonesboro, AR. The property was acquired in 2013 by Calidus and is property managed by The Preiss Company. The property is 0.3 miles from the Arkansas State campus.
Student Housing
504 beds
Investment Narrative
In 2013, Calidus acquired four properties from Campus Crest, a former student housing REIT at an attractive cost basis. At the time of acquisition, the properties were underperforming and required capital improvements, a focused management strategy, and a rebranding resulting in "American Student Housing".
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