• 591-bed student housing asset located 1 mile away from the Southeast Missouri State University
• Offering in-demand unit mix consisting of 1, 2, and 4-bedroom unit types with bed-bath parity
• Best-in-class stabilized asset serving as one of only two dedicated student housing assets in the market
• Little to no supply risk with consistent demand from an established public university

Legends Cape Girardeau

Legends Cape Girardeau is a 591 bed student housing asset at Southeat Missouri State University. SEMO University saw freshman enrollment growth for the first time since 2015 and overall enrollment sits at 9,500 students. Located a mile from campus, this asset allows an operator to come in and acquire an amenitized deal at an attractive basis. In a supply restricted market, Legends is the newest student deal in the market having been built in 2018.

Southeast Missouri State University

Southeast Missouri State University is a public university located in Cape Girardeau, Missouri that was founded in 1873. Cape Girardeau is located approximately 100 miles southeast of St. Louis and 150 miles north of Memphis, serving as a regional economic center between the two major metros. The city has seen steady population growth throughout its history, seeing positive increases at each census reading for the last century.

SEMO enrolled 9,500 students for the 2024-2025 academic year, and saw its freshman enrollment increase by more than 7% when compared to the prior year. This increase was the largest single-year growth for freshman enrollment since 2015. In addition to this freshman increase, the university saw 5% growth in online enrollment, a 7% increase in transfer enrollment, record participation in its dual enrollment programs for high school students, and an all-time high for international student enrollment. All of these trends point to a stabilization of campus enrollment and the potential for future growth.