Pierce Education Properties acquires Penn State student housing

Pierce Education Properties, a leading national student housing owner and operator, announces the addition of The Bryn & Tremont Student Living properties to its growing portfolio of student apartments. These two vibrant and contemporary student communities are nestled in the heart of State College, Pa., and mark a strategic step forward in the company's commitment to delivering outstanding living experiences for students while expanding its presence in vital university markets.

Both properties are tailored to meet the diverse needs of Pennsylvania State University's dynamic student population, with The Bryn offering 684 beds and Tremont offering 696 beds. This acquisition underscores Pierce Education Properties' unwavering dedication to elevating the student living experience, ensuring students have access to top-tier accommodations and amenities.

"We are excited to welcome The Bryn & Tremont Student Living into our portfolio," stated Frederick W. Pierce, IV, President and CEO of Pierce Education Properties. “Pierce has been pursuing properties in the State College market for more than a decade and these nearly 1,400 beds demonstrate a strong commitment to this dynamic student housing market. This brings our cumulative student housing acquisitions to approximately $1.3 billion representing nearly 30,000 beds nationwide."

Penn State Student Housing Amenities

Constructed in 1995, The Bryn comprises 11 buildings and 204 units, offering a variety of two-, three-, and four-bedroom floorplans, with an average size of 1,079 sf. Tremont Student Living, built in 1996, encompasses 17 buildings and 204 units, providing a mix of two- and four-bedroom floorplans with an average size of 980 sf.

Units at both properties have been thoughtfully designed to include private bedrooms, in-unit washers and dryers, and private balconies in select units, ensuring a comfortable and convenient living experience. Additionally, the communities offer a wide range of amenities, including spacious swimming pools with sun decks and hot tub, study rooms with complimentary printing services, state-of-the-art fitness centers, tennis court, and sand volleyball courts.

Located within 500 yards of each other on Vairo Boulevard, The Bryn & Tremont Student Living enjoy a prime location on the CATABUS line, providing residents with convenient and complimentary transportation to and from campus. Furthermore, residents can easily walk to North Atherton Place shopping center, offering shopping and dining options.

Pierce Education Properties remains steadfast in its commitment to delivering exceptional student living experiences, and this acquisition underscores its ongoing dedication to serving the higher education community.

For more information about Pierce Education Properties and its expanding portfolio, please visit PEPstudent.com.

About Pierce Education Properties
Pierce Education Properties is a leading national student housing owner and operator dedicated to creating exceptional living experiences for students across the United States. Since 2007, Pierce has acquired approximately $1.3 billion in student apartments representing nearly 30,000 beds at 29 universities in 19 states. With a commitment to excellence, innovation, and community, Pierce Education Properties seeks to enhance the educational journey by providing top-tier student housing solutions in proximity to major universities.