The subject property consists of one 239-bed student housing asset located less than a mile from the University of Illinois Urbana-Champaign campus. This property has the ability to lease from a tenant pool of more than 56,000 students and has a unit mix of large 3-bedroom and 4-bedroom floorplans. It also has the potential for additional physical and operational value-add.
University of Illinois Urbana-Champaign
The property is located less than one mile from the University of Illinois Urbana-Champaign campus. UIUC was founded in 1867 and is one of the
original members of the Big Ten Conference. Along with many of its fellow Big Ten schools, UIUC is considered a “Public Ivy” and was ranked 13th in the country in U.S. News & World Report’s best public universities. The University of Illinois is particularly strong in the STEM fields of study, with the nationally top-ranked School of Information Sciences and the College of Engineering ranked 5th in computer science programs.
Total enrollment at UIUC for the 2022 fall semester was at an all-time high, with 56,916 students registering for classes.