GMH Communities and Invesco Real Estate Expand Student Housing Near Purdue University

GMH Communities and Invesco Real Estate Expand Their Student Housing Portfolio Near Purdue University

In a significant move to bolster their presence in the student housing sector, GMH Communities and Invesco Real Estate have jointly acquired two prominent properties located just steps away from Purdue University in West Lafayette, Indiana. This acquisition, announced on September 17, 2026, adds a total of 364 beds across 176 units to GMH's nationally recognized student housing portfolio.

A Strategic Acquisition

The newly acquired properties, named Grant Street Station and South Street Station, were marketed by Randall Calvert of TSB Realty, who served as the exclusive sales broker during the transaction. Each property is strategically positioned within a short distance of the university, enhancing their appeal to students seeking accessible and quality living arrangements.

Gary Holloway Jr., the Chief Executive Officer and President of GMH Communities, expressed enthusiasm about the acquisition, stating that these communities embody the characteristics they prioritize for expansion in their portfolio. He emphasized the exceptional location, quality, and competitive standing of the properties that make them a compelling addition.

Value and Location

In addition to their prime location, the properties present an attractive value proposition to residents. Scott Hirshman, Vice President of Acquisitions for GMH Communities, noted that rental prices at these properties remain significantly lower than those of newer properties nearby, allowing them to offer a competitive alternative without compromising on the advantages of location. This dual benefit of affordability and proximity to campus aligns perfectly with GMH's strategy for sustainable occupancy and future rental growth.

Jay Hurley, Managing Director of Acquisitions at Invesco Real Estate, highlighted the partnership with GMH as a strategic investment aligned with Invesco's focus on assets located in strong markets with lasting demand. An established player in the real estate investment sector, Invesco's confidence in the student housing market underscores the sector's resilience and potential for long-term growth.

Details of the Properties

Both Grant Street Station and South Street Station were constructed in 2014 and are ideally situated within walking distance of key campus facilities. Grant Street Station lies approximately 0.1 miles from the university, while South Street Station is located merely 0.2 miles away, making these properties particularly appealing to students prioritizing convenience.

About GMH Communities

Headquartered in Newtown Square, Pennsylvania, GMH Communities has built a reputation as a highly integrated real estate company focusing on the acquisition, development, and management of outstanding living communities across the United States. With a strong track record since 1985 that includes over 300 transactions worth over $9.5 billion, GMH Communities is well-positioned to capitalize on opportunities that arise in the vibrant student housing market.

About Invesco Real Estate

Invesco Real Estate is recognized globally as a leader in real estate investment management, holding $86.3 billion in assets under management. With over 40 years of experience in the industry and a dedicated team across multiple regions, Invesco streamlines its focus into identifying and acquiring top-tier assets while leveraging its expertise to maximize value creation for investors.

The emerging partnership between GMH Communities and Invesco Real Estate marks a new chapter in the evolution of student housing close to Purdue University. As demand for quality student accommodations continues to rise, this acquisition is poised to pay dividends for both companies while fulfilling the needs of a dynamic student population.