Sale of student housing community at the University of Mississippi closes

DALLAS, Sept. 6, 2022 – JLL Capital Markets announced today that it has closed the sale of the 816-bed / 300-unit The Connection at Oxford located on the campus of the University of Mississippi.

JLL worked on behalf of the seller, Trimont Real Estate Advisors LLC. Heritage Properties acquired the asset.

Built in 2008, the 14-building The Connection at Oxford features fully furnished one-, two-, three- and four-bedroom units with an average size of 432 square foot per bed. Units feature full-size washers and dryers, hardwood-like floors, individual bathrooms and large walk-in closets. Community amenities include a 24-hour athletic club with stereo and televisions, a game room with billiards, a basketball and sand volleyball courts, clubhouse and private study rooms, a resort-style swimming pool and spa, picnic area with gazebo and firepits, a pet park, computer lounge and barbecue areas.

Situated at 2000 Oxford Way, the property sits on the campus of Ole Miss, a nationally recognized, SEC, Power-5 university with Fall 2021 enrollment of 21,856 students. The community is also just under just under two miles from the well-known, ten-acre collegiate tailgating site, The Grove.

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Directors Teddy Leatherman, Stewart Hayes and Scott Clifton. 

The Seller, 532 Title Way, LLC was represented by Director Mark Cashman and Sr. Associate Scott Groeschell.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Trimont’s mission, our purpose, is to be our clients’ trusted partner. Our core values of mastery, individuality and serving are specifically designed to advance this mission. Woven in between our core values is a culture that continuously seeks to advance collaboration, global integration and an uncompromising attention to detail.

Heritage Properties was established more than 40 years ago as a multifamily and commercial property manager. Heritage has grown into a full-service real estate company to meet the changing needs of our clients. Our professional real-estate management services now include construction, property management, leasing and sales.