|Pedestrian Locations: All properties are pedestrian to their respective campuses allowing students convenient access to all major facets of their university. The portfolio average distance to campus is 0.36 miles, well within even the most demanding investor parameters.
Institutional Class A+ Communities: All five assets boast a full array of the most innovative amenities in the student housing industry, including resort-style pools, fitness centers, media lounges and clubhouses. Each property is best-in-class and will remain relevant for years to come.
Outstanding Property Operations: All four built properties have experienced an excellent lease up for the 2017-2018 academic year and are fully stabilized. Gather Uptown is expected to experience the same initial lease-up success, giving buyers the ability to underwrite stabilized occupancy across the portfolio. In subsequent years, future ownership will continue to benefit from renewals and positive word of mouth across all five properties.
Institutional Scale: Given the size, markets, and construction quality, the assets allow a new owner immediate scale in the student housing sector in a relatively low-risk investment.
Excellent Market Fundamentals: All five markets have strong reputations and steady enrollment growth. The average enrollment size of the portfolio is 22,858 students.
Available All Cash: All properties are offered all cash allowing investors to take advantage of the historically low interest rate environment.