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Article: Manhattan investor buys Syracuse student complex for $26m.(Salmanson Capital LLC)(Syracuse University)(Brief article)
- Article from:
- Real Estate Weekly
- Article date:
- June 20, 2007
CopyrightCOPYRIGHT 2007 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Salmanson Capital, LLC has acquired a portfolio of off-campus housing utilized by undergraduate students at Syracuse University for a total purchase price of $26 million.
Called Campus Hill Apartments, the grouping of 42 buildings housing 614 students in 232 units was purchased from a local family that had owned them for more than 25 years, according to David E. Salmanson, president of the Manhattan-based real estate investment firm bearing his name.
The former owners will continue to manage the properties, all located immediately surrounding the University's main education buildings and popular student restaurants and entertainment venues.
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