**JLL Arranges Sale of The Flats at ISU, a Student Housing Community Near Illinois State University**
JLL has successfully arranged the sale of The Flats at ISU, a 155-unit, 447-bed student housing community located in Normal, Illinois, serving students of Illinois State University.
The seller was a joint venture between Campus Advantage and Heitman. JLL Capital Markets’ Investment Sales and Advisory team represented the sellers in the transaction. The team was led by Managing Director Scott Clifton, Director Kevin Kazlow, and Associate Jack Goldberger. The buyer in the deal was Jackson Dearborn Partners.
Constructed between 2011 and 2014, The Flats at ISU consists of studio to four-bedroom apartment layouts, all offering bed-to-bath parity. The property benefits from a prime location directly across from the Illinois State University campus and is within a five-minute walk to the university’s main quad and the State Farm Hall of Business.
“Illinois State is a very underrated student housing market,” said Kevin Kazlow. “The Flats at ISU has demonstrated consistent performance and is well-positioned to benefit from ISU’s growth and lack of housing.”
This transaction highlights continued investor interest in well-located student housing assets across strong university markets.
