U.S.-based real estate company GMH Capital Partners has combined with UK-based investment firm AGC Capital Partners to buy Aspen Lincoln complex for $48.4 million.

The apartment complex, a 182-unit, 632-bed student housing development in Lincoln, has a seven-story parking garage.

The seller of the property is U.S.-based real estate company Aspen Heights Partners.

Further, GMH plans to rename the Aspen complex Academy Lincoln.