321 Fraternity Row at Penn State University is a 3 story, 19 unit, 45-bed student housing acquisition made by Amplify in February of 2022. The property is one of Penn State’s most prestigious and longest-standing properties located in the heart of Penn State’s “Greek Housing Region” just blocks from campus. 321 Fraternity Row is an exciting addition to Amplify’s Greek Housing Platform and the first of several planned acquisitions in the Penn State Market.
321 Fraternity Row
State College, PA
Greek Housing Platform
3 Stories, 19 Units,
321 Fraternity Row is located just 3 blocks from East College Avenue - the major N-S thorough fare that runs along the Eastern border of Penn State’s robust campus. The property is located in the heart of the “Greek Housing Region” of Penn State, which is home to all of the universities fraternity and sorority properties as well as other houses and apartment buildings leased to Penn State Students. 321 Fraternity Row is located just steps from the majority of the retail, dining, and nightlife offerings that serve the University.
The property is one of Penn State’s oldest and most prestigious properties and it underwent significant renovation work and utility upgrades in 2020. The property is currently fully leased to a fraternity tenant on a master lease. Amplify intends to continue its operation as a class-A student housing rental property serving Penn State students in the future.