848 Mitchell - UTA

848 Mitchell is a 298 unit / 687 bed core asset at the University of Texas at Arlington (“UTA”). The Property is 95% occupied and 96% pre-leased for Fall 2022 and has achieved over 5% rent growth year-over-year. Investors are offered the opportunity to invest in a core asset that provides consistent cash flow that is walkable to a premier research university in the thriving state of Texas.

• Institutional asset adjacent to campus with market leading amenities and community features
• 848 Mitchell is 95% occupied and 96% pre-leased for the 2022 Academic Year (5% rent growth year-over-year)
• Outstanding UTA student housing market with less than 9,000 on and off-campus student housing beds and over 43,000 students
• Significant rent growth opportunity by closing the $42 delta between the comp set and 848 Mitchell, yielding an additional $320,000 in annual revenue