….The Wall Street Journal this past week called the SWIB purchase the most expensive college campus housing purchase on record. It also referenced the American Campus Communities Inc.?s $165 million purchase of an Austin, Texas, student housing property known as ?The Block.? The presence of UW-Madison has led to similar ? though not as large ? high-end complexes for millennial college students here, like Grand Central and Lucky Apartments. Vicki Hearing, spokeswoman for the State of Wisconsin Investment Board, says the pension fund purchased the dormitory in large part because of its value as a rental property.
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