A Columbia apartment complex is being sold in a deal between two out-of-state investors.
Houston-based real estate firm Transwestern Real Estate Services announced the sale of The Den apartment community to the Connecticut investment company Hamilton Point Investments on Tuesday.
The Den, a luxury student housing complex in Columbia, was completed in 2014 and holds 552 beds in a 158-unit community.
Despite economic hardships due to the pandemic, The Den recorded a higher occupancy rate than years past at 93%, according to a press release.
The price of the sale was not disclosed. The Den is located about two miles away from the University of Missouri campus in Columbia.