Student Housing: Near Miami Univ. Sells for $7.9M

An affiliate of Phillips Acquisitions, a student housing operator based in Virginia, purchased the 304-unit Candlewood Terrace Apartments in Oxford, OH, from Ogden Investments LP for $7.9 million or $26,000 per unit.

The student dormitory complex is at 615 Ogden Court in Butler County and is within walking distance of Miami University of Ohio. It was built in 1967 and occupies 15.4 acres.

David Lockard of CB Richard Ellis represented the seller. The buyer did not use a broker.

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