BLVD Equities, in partnership with Rosen Property Group and Westerleigh Property Group, announced their expansion to become Aptitude Development.
BLVD Equities has enjoyed success as a fully-integrated real estate firm with experience across all sectors of real estate. More recently, partners Jared Hutter and Brian Rosen have focused on student housing.
Their initial venture in this space, BLVD404, went from demo to occupancy in only 11 months and was sold to American Campus Communities, the largest provider of student housing in the United States, upon stabilization.
BLVD404 was custom-created with Syracuse University colors and themes throughout the complex. It is a 54-unit, 163-bed building that features high-end amenities, an on-site convenience store, 24-hour management, fitness facility, istudy rooms, and on-site parking.
Syracuse University basketball coach Jim Boeheim was a partner in the project and has committed to partnering with Aptitude moving forward.
According to Hutter, Aptitude Development already has numerous projects in various stages of development around the country.
He added, “We are devoting a good deal of our time to evaluating various value-add acquisition targets.
“Student housing is an exciting place to be right now and in the years to come Aptitude will be a major player in the sector.”
One of Aptitude’s newest projects is a mixed-use student housing project on Marshall Street at Syracuse University set to break ground in the spring,. It will feature 287 student beds and 20,000 s/f of retail.