Centurion Property Group Acquires 422-Bed Student Housing Community Near Iowa State for $25M

Aspen Ames is renamed The ONE at Ames. The community offers 422 beds near Iowa State University.

AMES, IOWACenturion Property Group has acquired Aspen Ames, a 422-bed student housing complex near the Iowa State University campus in Ames, for $ 25 million. Built in 2017, the property offers a mix of two, three, and four bedroom floor plans with bed-to-bath parity across four buildings. Communal facilities include a fitness center, game room, computer room and study. Centurion plans to begin renovating the community, adding an animal park and basketball court.

Asset Living has been hired to manage the property, which will be renamed The ONE at Ames. JLL’s Scott Clifton and Stewart Hayes represented the unnamed seller in the transaction. Aspen Ames marks the third student residence acquisition in the past 18 months.

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