Heritage Property acquired The Connection at Oxford, an 816-bed student housing community in Oxford, Michigan. JLL Capital Markets Represented the seller of a 300 unit property servicing the University of Mississippi.
The buyer financed the purchase with a $30.5 million loan from bank plus, According to public records, it is expected to reach maturity in August 2026. seller, Trimont Real Estate Advisors, Previously Acquired Property in 2021 fannie maefollowing the foreclosure of a $29.4 million loan.
Located at 2000 Oxford Way, the community was completed in 2008 and includes 14 buildings on 29 acres. With one to four bedroom floor plans averaging 432 square feet per bed, units include walk-in closets and in-unit laundry facilities. Common area amenities include a game room, athletic club, clubhouse, study room, swimming pool with spa, pet park, computer lounge, basketball and sand volleyball courts.
The Connection at Oxford is within a three-mile radius of Vought-Hemingway Stadium and The Grove at Ole Miss, a 10-acre university tailgate site. Oxford city center is approximately 2.5 miles north of the hotel, providing easy access to many dining, retail and entertainment hubs.
JLL Senior Director Teddy Leatherman, Stewart Hayes and Scott Clifton, Trimont Director Mark Cashman and Senior Associate Scott Groschel represented the seller. Last month, Leatherman, Hayes and Clifton helped Trimont sell The Wilder, a 656-bed student housing community in Columbia, Missouri. Talewind Group purchased a property near the University of Missouri.