TriPost Partners with Invesco Real Estate Income Trust Inc. to Acquire Minority Equity Stake in Class-A Student Housing Community in Arizona
- Editor
- Mar 31
- 1 min read
Whats Happening:
TriPost Capital Partners has acquired a minority stake in The Carmin, a Class-A student housing property near Arizona State University. This transaction marks the first investment from TriPost's Asset Solutions strategy, which focuses on acquiring illiquid ownership positions from existing real estate owners on the secondary market. The deal involves partnering with Invesco Real Estate Income Trust Inc. (INREIT) and Alden Street Capital, who will retain significant ownership stakes in the property.
Key Moves:
TriPost acquires minority stake in The Carmin student housing property
First investment from TriPost's Asset Solutions strategy
Partnership with INREIT and Alden Street Capital on the transaction
By The Numbers:
The Carmin is a 384-unit, 833-bed student housing property
TriPost currently manages over $1 billion in assets
TriPost has invested in over 650 properties in 31 states
Key Quotes:
"As longtime student housing investors, we're seeing heightened demand for Class-A, near-campus student housing facilities at large universities across the U.S.," said Todd Silverman, Managing Partner and Co-Founder of TriPost.
"TriPost has always been a solutions-oriented investor," said Silverman.
"We're pleased to partner with TriPost on a transaction that helps INREIT to further its strategic objectives," said Chase Bolding, President and Lead Portfolio Manager, INREIT.
Bottom Line:
TriPost's acquisition of a minority stake in The Carmin demonstrates the fund's expansion into the secondary market for real estate investments. This move allows TriPost to leverage its sector expertise and work with high-quality partners to execute quickly and deliver value to existing investors in middle market assets. The transaction also highlights the growing demand for Class-A student housing facilities near large universities in the United States.
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