{"id":15849,"date":"2025-09-12T03:03:15","date_gmt":"2025-09-12T08:03:15","guid":{"rendered":"https:\/\/1reason.com\/re\/vesper-holdings-expands-its-student-housing-portfolio-in-michigan-with-acquisition-of-gateway-lofts-lansing\/15849\/"},"modified":"2025-09-12T22:03:15","modified_gmt":"2025-09-13T03:03:15","slug":"vesper-holdings-expands-its-student-housing-portfolio-in-michigan-with-acquisition-of-gateway-lofts-lansing","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/vesper-holdings-expands-its-student-housing-portfolio-in-michigan-with-acquisition-of-gateway-lofts-lansing\/15849\/","title":{"rendered":"Vesper Holdings Expands its Student Housing Portfolio in Michigan with Acquisition of Gateway Lofts Lansing"},"content":{"rendered":"
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\"Vesper
Vesper Holdings announces its acquisition of Gateway Lofts Lansing, a student housing community located pedestrian to Michigan State University<\/figcaption>
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New York, New York, Aug. 19, 2025 (GLOBE NEWSWIRE) — Vesper Holdings (“Vesper”), a privately-held real estate investment firm based in New York City, is pleased to announce its latest student housing acquisition \u2013 Gateway Lofts Lansing (\u201cGateway Lofts\u201d) located pedestrian to Michigan State University. Including this purchase, Vesper has completed twenty student housing transactions totaling over $1 billion over the past 15 months. <\/p>\n

Gateway Lofts is a luxury student housing community offering one of the most desirable locations in the Lansing market. Delivered in 2022, this five-story property is located less than a half-mile from Michigan State University, providing direct pedestrian access to campus. <\/p>\n

Gateway Lofts features a highly desirable unit mix of studio, one-, and two-bedroom apartments. Each apartment features upscale finishes, including wood-style plank flooring, granite countertops with bar seating, stainless steel appliances, walk-in closets, pendant lighting, and in-unit washers and dryers. Residents enjoy a comprehensive suite of amenities including a resident lounge with billiards, a fully equipped fitness center, conference rooms, package lockers, and bike storage on each floor. In addition to residential units, the property\u2019s footprint includes four ground-floor retail spaces.<\/p>\n

\u201cGateway Lofts is the latest example of our commitment to acquiring high-quality student housing assets in pedestrian-to-campus locations within top-tier university markets,\u201d said Isaac Sitt, Co-Founder and Co-CEO of Vesper Holdings. \u201cWe expect to remain extremely active in the coming months, as we look to take advantage of pricing dislocations in this higher interest rate environment,\u201d Sitt added.<\/p>\n

Kevin Larimer, Senior Managing Director of Berkadia\u2019s Student Housing team, represented the seller in the transaction. Vesper\u2019s financing of the acquisition was arranged by Aaron Moll, Managing Director & Head of Student Housing Mortgage Banking at Berkadia.<\/p>\n

Vesper\u2019s student housing portfolio is the 8th<\/sup>-largest in the United States. Vesper\u2019s portfolio, including Gateway Lofts, is managed by Vesper\u2019s subsidiary property management company \u2013 CLS Living (\u201cCLS\u201d). CLS currently manages over 33,000 student housing beds across 43 university markets.<\/p>\n

About Vesper Holdings<\/strong><\/p>\n

Founded by Elliot J. Tamir and Isaac J. Sitt, Vesper Holdings is a privately held real estate investment firm based in New York City. Vesper Holdings\u2019 diverse portfolio includes student housing, retail, mixed-use, office buildings and parking structures. Vesper Holdings ranks as one of the top 10 largest student housing owners in the United States. Its real estate portfolio consists of 53 properties, including over 25,000 student housing beds. <\/p>\n

Source: Vesper Holdings<\/em><\/p>\n

Douglas Kligman<\/em><\/p>\n

212-406-4000
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