Monument Square, Koch Real Estate Acquire Four-Property Portfolio Near University of Illinois Urbana-Champaign

Champaign, Ill. —  A joint venture between Monument Square Investment Group and Koch Real Estate Investments has acquired a four-property student housing portfolio located near the University of Illinois Urbana-Champaign. The portfolio includes four mid-rise communities located at 305 East Daniel St., 507 South Second St., 75 East Armory Ave. and 901 West Western Ave. in Champaign. The properties were developed between 2012 and 2017 and offer a total of 548 beds across 212 units in one- through four-bedroom configurations. The new ownership plans to begin improvements at the properties, including deferred maintenance and select unit and amenity upgrades, imminently. The portfolio was 97.9 percent occupied for the 2025-2026 academic year. The seller and terms of the transaction were not released.