Chris Bancroft, pictured, Chris Epp and Meredith Wolff are now leading FourPoint Student Housing Investments.

Austin, Texas - Chris Bancroft and Chris Epp have founded FourPoint Student Housing Investments, a primarily disposition-focused brokerage firm based in Austin. Just launched, FourPoint already has three listings. Bancroft, Epp and Meredith Wolff were colleagues running the National Student Housing Group for the investment sales firm Apartment Realty Advisors (ARA). Epp and Meredith Wolff were his partners and colleagues there. At FourPoint, Wolff, whose title is director of national Private Client Services Group, will be responsible for the marketing and client relationships involving student housings assets valued at $10 million or below. Combined, Bancroft, Epp and Wolff have approximately 25 years of real estate brokerage experience. The team will focus on the disposition of any large and small assets.

 

Indianapolis - Student housing developer Annex Student

Kim Cory developed forrentuniversity.com in her previous position with For Rent Media Solutions.

Living has named Kim Cory president. Cory, who has more than 15 years of marketing and operations experience in the student housing sector, is responsible for all aspects of leasing and managing Annex properties as well as developing customer relations initiatives to meet the needs of residents, parents, the universities and the communities in which Annex properties reside across the Midwest. The Annex portfolio amounts to more $35 million, and contracts are in place to grow total assets to approximately $100 million by 2016, according to the company. Here's more on Cory's new position.

 

Interior of West 10 in Tallahassee.

Tallahassee, Fla. - Interwest Capital Corporation, a private equity firm specializing in the acquisition, operations and repositioning of commercial real estate, has closed escrow on the purchase of an 876-bed student housing complex in Tallahassee, Fla. CBRE's National Student Housing Group of Ryan Lang, Jaclyn Fitts and Ryan Reid brokered the transaction. The complex, West 10, is located next to Florida State University and Tallahassee Community College. Florida A&M University's students are within three miles of West 10.   Originally built in 2006, West 10 includes nine garden-style residential buildings on 20 acres. The complex will undergo a major capital improvement campaign of its 11,500 square-foot clubhouse that includes a 2,500-square-foot air conditioned indoor basketball court. Here's more on Interwest's new asset.

University Downs in Tuscaloosa.

 

Tuscaloosa, Ala. - Asset Campus Housing has been awarded management of University Downs, a 360-bed property located a half mile from the University of Alabama. The community offers one-, two and three-bedroom floor plans. Units have hardwood floors and granite countertops. Amenities include five conference rooms, four study lounges and two pools. The 8,000-square-foot clubhouse features a fitness center, game room, movie theater, executive business center and conference room.