Tailwind Group and its partners are pleased to announce the acquisition of Ozark Villas, a 213-unit, 670-bedroom property in Fayetteville, AR. The purchase represents Tailwind’s fifth major student housing acquisition in 2023, and second in the University of Arkansas market. The asset was purchased from Fountain Residential Partners and the transaction was brokered by Teddy Leatherman and her team at JLL.
Upon closing, the property was rebranded to College Town Fayetteville. Tailwind Group plans to embark on major exterior renovations soon after closing.
“We are excited to add another student housing asset in Fayetteville,” said Lane Gravley, Tailwind Group’s President. “It’s one of the premiere markets in the country and we see continued upward momentum. With the success of our current asset (The Landing at Fayetteville) we are confident in implementing our capital improvement plan and core management strategy to greatly improve the resident experience and provide our investment partners with strong returns. I am extremely proud of our entire team on getting this deal to the finish line, especially considering the volatility in the economy right now.”
Prior student housing acquisitions during the calendar year included assets in Fayetteville, AR, Lawrence, KS, Baton Rouge, LA, and Wichita, KS.
Tailwind Group is a top-20 owner and operator of off-campus student housing in the country, with over 15,000 bedrooms in their portfolio. Their properties span across 15 states and 18 university markets.
Inquiries:
Brandon Smith, VP of Operations & Development
Krystal Pierce, VP of Investments & General Counsel
Nick Sheak, Director of Investments
