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Vesper Holdings Expands its Student Housing Portfolio into Iowa with Acquisition of The Hive

The deal gives Vesper Holdings its 30th university market and adds to more than $1 billion in student housing transactions over the past 12 months.

  • On Thursday, Vesper Holdings acquired The Hive, a four-story, purpose-built student housing community comprising 250 units and 500 beds near the University of Iowa campus in Iowa City.
  • The acquisition marks Vesper's entry into its 30th university market, solidifying the firm's position as the 9th-largest student housing owner in the United States.
  • CLS Living , Vesper's subsidiary property management company, oversees over 35,000 student housing beds across 35 university markets. Residents at The Hive enjoy a resort-style swimming pool and 24-hour fitness center.
  • Christopher Epp, Managing Director at Walker & Dunlop, represented the seller, while Will Baker and William Shell of Walker & Dunlop placed the debt on the acquisition.
  • Co-Founder and Co-CEO of Vesper Holdings Isaac Sitt targets "newly-built, best-in-class" properties at flagship universities, stating the firm expects to remain active in coming months amid pricing dislocations.
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The Virgin Islands Daily NewsThe Virgin Islands Daily News
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Vesper Holdings Expands its Student Housing Portfolio into Iowa with Acquisition of The Hive

New York, New York, United States / Storyteller / May 07, 2026 /

·Cherokee County, United States
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Globe Newswire broke the news on Thursday, May 7, 2026.
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