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Vesper Holdings Expands its Student Housing Portfolio in Florida with New Acquisition

New York, June 29, 2022 (GLOBE NEWSWIRE) —  Vesper Holdings (“Vesper”), a privately-held real estate investment firm based in New York City, and funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), a leading global investment manager, are pleased to announce their joint venture acquisition of ON50 Tampa (“ON50”).

ON50 is a 156-unit, 444-bed apartment community that caters to students attending the University of South Florida (“USF”). The property’s unit mix is comprised of 3- and 4-bedroom floorplans. ON50 is located adjacent to USF’s main campus in Tampa.

The apartments are furnished and include fully equipped kitchens, washers and dryers, and balconies. ON50’s residents enjoy a full range of amenities including an oasis-style swimming pool, computer lab with free printing, study lounge, movie & entertainment center, hammock garden, community kitchenette, gourmet coffee bar, and location on the USF shuttle route.

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