Los Angeles, CA (March 4, 2024)– Muinzer, a fully-integrated real estate investment
firm specializing in student housing, today announced the sale of the Salisbury
Portfolio near Purdue University in West Lafayette, IN. The five-property portfolio
consists of 290 student housing beds that are 100% leased for the August 2023
school year and 100%pre-leased for the August 2024 school year. Scott Clifton of
JLL spearheaded the institutional sales process that generated significant interest
and resulted in multiple offers for the portfolio.

Muinzer acquired the Salisbury Portfolio via an off-market transaction in 2017. “I
have been a net buyer of student housing near my alma mater, Purdue University, for
well over 20 years and 2024 will be no different. That said, this was a great
opportunity for us to sell a small holding while generating exceptional returns for
our investors,” said Marc Muinzer, Founder and CEO of his namesake firm. “In 2024
we will continue our nationwide expansion by concentrating our investments near
the largest and fastest growing universities. I’m incredibly proud of the entire
Muinzer team,” added Mr. Muinzer.

Muinzer began investing in student housing in 2002 and is one of the largest owners
in the Big Ten and SEC Conferences. “Student housing fundamentals are the
strongest we have seen in the last 20 years. In 2024 and 2025 we plan to expand our
team and acquire an additional $1 billion of student housing assets near
high-growth universities in the largest conferences,” added Michael Snyder, COO of
Muinzer.

About Muinzer:

Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002.
With offices in Los Angeles, Knoxville, West Lafayette, and Chicago, Muinzer is one of
the largest owners and managers of student housing in the Big Ten and SEC
Conferences. Please visit www.muinzer.com for more information.

Contact:

Muinzer
220South Street, Suite #200
West Lafayette, IN 47906
Email: ssanders@muinzer.com