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UNC Wilmington affiliate buys Plato’s Lofts
2 November 2026 | Asset acquisition | US | 216 beds | Operational
The purchase secures an existing off‑campus residence for UNC Wilmington students.
Key details
Asset type | Operational |
Location | Wilmington, US |
Capacity | 216 beds |
Buyer | UNCW Corporation II Randall Parkway, LLC |
Seller | Undisclosed |
Value | $16.25 million |
Plato’s Lofts comprises 54 four‑bedroom apartments across three buildings near campus and already accommodates upper‑year UNC Wilmington students.
Strategic context
UNC Wilmington already included Plato’s Lofts through its student housing programme. Buying the property secures existing student accommodation rather than adding new supply, while giving its affiliate greater control over long‑term housing costs.
The university expects revenue from the property to cover operating costs and debt payments.
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