Varsity Place is a 309 Unit / 459 Bed student housing portfolio at Marshall University in Huntington, WV. The portfolio was converted to pure student housing in 2015-16 with most of the properties within walking distance to campus.
Just 85.6% occupied for the 2018-19 school year in a market that averages over 96%, the Varsity Place Portfolio offers a significant value add opportunity.
Marshall has had steady enrollment with improved retention over the years making this portfolio a high cash flow opportunity. It is free & clear of existing financing.
Marshall University is a public research university in Huntington, West Virginia. It was founded in 1837 and is named after John Marshall, the fourth Chief Justice of the United States.
Total enrollment in Fall 2018 was 13,218. Undergraduate enrollment totaled 9,602, up 1.1% over 2017.
In the U.S. News & World Report “Best Colleges 2019” rankings, Marshall University is ranked 14th among the top public schools in the south.
Marshall University is composed of academic units that include the Colleges of Arts and Media; Business; Education and Professional Development; Information Technology and Engineering; Liberal Arts; Health Professions, and Science, as well as the Honors College; University College; the Graduate College; the School of Pharmacy; and the Joan C. Edwards School of Medicine.
Approximately 400 student-athletes represent their university as the Marshall Thundering Herd. The Thundering Herd is a member of Conference USA and competes in Division I of the NCAA in sixteen varsity sports.