• 224 Bed amenitized student housing property directly across from campus
• Three and Four Bedroom Units with full bed bath parity
• Prime Terre Haute location directly across from campus within a 165K+ resident MSA and over 8,000 students
• Upside through operational efficiency and an increased university enrollment

Highland Quarters

Highland Quarters is a 60-unit, 224-bed student housing community located directly pedestrian to Indiana State University in the rapidly revitalizing downtown Terre Haute. Delivered in 2017, the asset is one of the market’s newer mixed-use developments and offers students modern conveniences including free Wi-Fi, a 24/7 fitness center, lounge/media space, and dedicated study rooms.The property features three- and four-bedroom floorplans with full bed-to-bath parity—an increasingly rare amenity advantage in a market with no new supply currently planned.

Indiana State University enrolls 6,352 undergraduate students, reflecting a 2% year-over-year increase. Freshman enrollment surged 13% to 1,602 students—its highest level since 2020—and the university reached a near-record freshman-to-sophomore retention rate of approximately 70% in 2024.

Founded in 1865, Indiana State serves as an academic anchor for Terre Haute, a community with meaningful employment concentration in agriculture, manufacturing, and education. The city is located just over an hour from Indianapolis, one of the Midwest’s fastest-growing metros. ISU competes in the Missouri Valley Conference across 10 Division I programs and offers more than 175 undergraduate and graduate degree paths.

Terre Haute is home to two additional institutions: the nationally recognized Rose-Hulman Institute of Technology and a local Ivy Tech Community College campus, both contributing to a stable and diverse student population.