TROPHY NEW CONSTRUCTION ASSET. TRUE LEASING & OPERATIONAL VALUE ADD OPPORTUNITY. FLAGSHIP HIGH GROWTH UNIVERSITY. FREE & CLEAR OF EXISTING FINANCING.

Champions’ Club is a 76-unit, 232-bed purpose built student housing property completed in 2016. The property is located just one mile from the University of Arkansas, which has a totalenrollment of 27,558. Champions’ Club features a full suite of amenities including resortstyle swimming pool with outdoor kitchen and fire pit, 24/7 fitness center, game lounge, computer lounge, and pet friendly dog walk area. The property is just 68% leased for 2017-18 offers a true value add opportunity.

The property is fully purpose built with bed-bath parity, individual leases and private bedroom door locks. All utilities are included and units are fully furnished. Apartments feature open floor plans, engineered wood flooring, and modern kitchens and baths. The whole property has high bandwidth Wi-Fi. The amenity package is among the best in the market featuring a gorgeous pool area with sun deck, gas fire pit and outdoor kitchen with pergola. Inside, tenants will find a state-of-the-art 24/7 fitness center, game lounge and computer lounge. Champions’ Club is also pet friendly with a dog walk area and outdoor space.

Champions’ Club represents a true value add opportunity to buy a new construction student housing asset prior to stabilization. The University of Arkansas is one of the fastest growing public universities in the country with only one major off campus property, the 652-bed Haven project on James Street, in the upcoming pipeline. While rents increased just 1.14% in 2017-18, the student market is primed for significant growth with a break in new construction and continued enrollment increases. The property is free and clear of debt and represents a tremendous opportunity as a standalone trophy asset or an add-on to an existing operation in Fayetteville.

 

 

 

University of Arkansas

  • For Fall 2017 total enrollment at University of Arkansas’s flagship campus in Fayetteville is 27,558, an increase of 364 total students. The Razorbacks have posted more than a decade of consecutive enrollment gains. Since 2007, enrollment has grown by a total 8,910 students, achieving an average annual increase of 4.01% during that span.
  • First time freshman enrollment topped 5,000 for the first time in the University of Arkansas’s history, with 5,065 new degree-seeking students enrolled for fall 2017. There are now 74.72% more first year students on Fayetteville’s campus than the 2,899 enrolled in Fall 2007. While many other similar institutions have focused their recruiting efforts internationally, much of U of A’s recent enrollment growth has been fueled by a surge of students from outside of Arkansas - but within the United States. Non-resident enrollment has grown by 174.69% over the past decade, increasing from 3,974 to 10,916.
  • The University’s influence and importance has continued to grow alongside its enrollment. The University of Arkansas’ impact on the state and local economies grew from $725 million in 2009 to $1.2 billion in 2014, a 66 per-cent increase.
  • Spread across 500-plus acres, U of A’s campus is equal parts scenic and historic, with Old Main being the centerpiece of it all. The first structure to be erected on campus, Old Main is the oldest building on site and the only one built in the 19th century.

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Champions’ Club

University of Arkansas

Units  //  76

Beds  //  232

Square Ft.  //  97,220

Site  //  4.42 Acres

Year Built  //  2016


BROKER CONTACT
SEAN LYONS
O: 312.878.7363
C: 773.505.7326
slyons@triadrepartners.com