Friedman’s Rich Deptula & Kellen Duggan Sell 269 Unit Student Housing Community in Carbondale, IL

Posted on November 3, 2021

Farmington Hills, MI – (November 3, 2021) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold University Village in Carbondale , Illinois; a student-housing apartment community comprised of 269 units on 16.7 acres. The community is located about a mile from Southern Illinois University. “Investors were attracted to University Village’s strong physical attributes, proximity to campus, and value-add potential. With well below market rents, the asset provides tremendous opportunity to increase NOI by bringing rates in line with the competitive set”, said Rich Deptula, Friedman’s National Director of Investment Advisory Services. Friedman’s Rich Deptula and Kellen Duggan advised both parties in the transaction.

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