Southern California Company Targets The Mark As Latest Acquisition For $22 Million

The Mark

Posted By: Pat Nelson / Dec 01 2015
 

Aliso Viejo, Calif. and Tempe, Arizona – In one of their biggest transactions for the year, Nelson Brothers Professional Real Estate, LLC has purchased The Mark, a newly renovated student housing project near Arizona State University for $22,128,000.

The property is a 161-unit student housing property with 109,000 square feet is located less than two blocks from ASU. Originally built in 1970, the Mark recently underwent a dramatic $5 million renovation in 2015.

The upgrades include modern style cabinetry, quartz countertops in the kitchen and stainless steel appliances along with other design features. Additional amenities include an all-new fitnesss center with yoga, a study lounge and sun decks.

Nelson Brothers Professional Real Estate was launched in 2007 offering individual investor direct ownership interests in institutional quality, professionally managed real estate. The company, founded by brothers Patrick and Brian Nelson, specializes in the acquisition, financing and ownership of real estate investments in the niche areas of student housing and assisted living investments. Nelson Brothers currently manages over $300 million in multi-family housing real estate.

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