Joint Venture Acquires 1,156-Bed Value-Add Student Housing Community Near Brigham Young University

A swimming pool is one of the common amenities at the lodges in Glenwood, Provo, Utah.

PROVO, UTAH – A joint venture between Redstone, MJW Investments and MHE Enterprises’ investment companies has acquired The Lodges in Glenwood, a 1,156 bed student housing community near Brigham Young University, Utah.

The community offers a mix of studio, one and three bedroom units. Communal facilities include a work area, swimming pool and spa, volleyball court, game tables, cabanas, and grill.

Brian Eisendrath and Cameron Chalfant from CBRE secured the acquisition financing for the property through a well-known life insurance company. Significant renovations are planned for the community, details of which have not been disclosed. The seller and the price were also not disclosed.