ALTOONA — Nittany Pointe, a purpose-built student housing community adjacent to the Penn State Altoona campus, has been acquired by Elevate Altoona LLC.
Situated on 30.5 acres, the property comprises 156 units totaling 624 beds across 13 residential buildings, along with an on-site clubhouse and amenities.
The property is located less than one mile from the Penn State Altoona campus, a key Commonwealth Campus within the Penn State system. Altoona’s accessibility, regional employment base, and established student population contribute to the area’s appeal for long-term student housing investment.
Nik Sgagias of NAI CIR represented the seller in the transaction.
NAI CIR, with offices in Lemoyne and Carlisle, is Central Pennsylvania’s oldest and largest exclusively commercial industrial real estate full-service brokerage firm. Founded in 1970, the firm is consistently ranked as the top producing commercial industrial sales and leasing firm by the Central Pennsylvania Business Journal and by Real Capital Analytics.
