Project Type： 792-bed Student Housing Acquisition
Investment Value：
Current Status：
Target school： Oklahoma State University
Investment Highlights：
- Since 2015 the market has a minimal on-campus and off-campus housing supply, two of GSU residence halls were closed for maintenance reasons
- The cottage and townhome style community features 792 beds, each unit offers a bed to bath parity.
- The property is well-maintained but the clubhouse and amenity area have strong value-added potential. As part of the value-add business plan, the limited capital improvements will be implemented during the summer, which will not affect the occupancy of the property
Project Type： 288-unit/888-bed Student Housing Acquisition
Investment Value：
Current Status：
Target school： East Carolina University
Investment Highlights：
- Enrollment at ECU is expected to grow at 1.6% YoY for the next four years, reaching 30,000. Currently, the on-campus housing is in short supply and there are no new purpose-built student housing planned. The market occupancy will continue to maintain at a high level in the future.
- In 2014, the previous owner made a complete renovation of the units and all the common areas, including upgrading the flooring in the apartments, renovating the swimming pool and replacing the equipment in the outdoor barbecue area. The project is currently in good condition.
- Upon completion of the acquisition, it is expected that the rent will continue to increase by 2.5% per annum in the future with simple equipment upgrades to the club and the apartment (e.g., Internet speed upgrades, gym equipment replacement, etc.)
Project Type： 339-unit/1087-bed Student Housing Acquisition
Investment Value：
Current Status：
Target school： Georgia Southern University
Investment Highlights：
- Since 2015 the market has a minimal on-campus and off-campus housing supply, two of GSU residence halls were closed for maintenance reasons
- The cottage and townhome style community features 339 units and 1087 beds, each unit offers a bed to bath parity.
- The property is well-maintained but the clubhouse and amenity area have strong value-added potential. As part of the value-add business plan, the limited capital improvements will be implemented during the summer, which will not affect the occupancy of the property
Project Type： 72-unit/368-bed Purpose-Built Student Housing Development
Investment Value：
Current Status：
Target school： Utah State University
Investment Highlights：
- Located better than on-campus housing, 800 Block offers proximity to all the best aspects of everyday life at Utah State University.
- A $30MM brand new Aggie Recreation Center is directly across the street.
- Only 3,069 or 18.9% of undergraduate students in Logan campus can be accommodated in college housing.
Project Type： 225-unit/750-bed Purpose-Built Student Housing Development
Investment Value：
Current Status：
Target school： Housing Development servicing California State University, Sacramento (CSUS)
Investment Highlights：
- Best location in the market with only 0.2-mile/3-minute walking distance to the south edge of target school CSUS
- Limited housing supply but extremely strong demand; no other construction is planned in the area.
- Best-in-the-market amenities highly desired by students
Project Type： 551-unit Multifamily and 37,500 sf Retail Development
Investment Value：
Current Status：
Investment Highlights：
- Land acquisition was closed in April 2017. Construction started in 2017Q3 and is expected to complete in 2020Q1.
- San Jose boasts consistent high job growth and strong rental market with one of the highest affordability gap between the cost of home ownership and renting in the nation.
Project Type： 206-unit Multifamily Development
Investment Value：
Current Status：
Investment Highlights：
- Well-amenitized area with convenient highway access to major employment center in Los Angeles and Orange County
- One of the best school district in the area
- High barriers to entry due to Brea’s limited supply of available land for development and extremely difficult entitlement
- Highly skilled affluent demographics
