|Building Area Net||
|Number of units||247|
Muse Omaha is the market’s newest student housing community in the bustling downtown area of Omaha, Nebraska. Delivered in 2019 with 247 units and 371 beds, the Property is located within a 5-minute walk from academic buildings at Creighton University and within one mile from the center of downtown Omaha. Of the limited number of purpose-built student housing assets surrounding Creighton University, Muse Omaha is the closest community to academic buildings in the market.
Location alone would make Muse Omaha the market’s most popular asset, but the communal and in-unit amenities assure that status in perpetuity. Designed with the next generation of renters in mind, the Property offers its tenants a 24/7 clubhouse, dedicated study lounges with private study areas, outdoor study spaces and hangout areas, bike storage, a fitness center, shuffleboard, bocce ball and ping pong, property-wide highspeed Wi-Fi, and more. Luxurious in-unit amenities include fully furnished apartments, in-unit washer/dryers, hardwood flooring, quartz countertops, and contemporary lighting. Coupled together, the unbeatable location and expansive property features will enable a new investor to push Muse Omaha’s returns long into the future.
WALKABLE TO CAMPUS & DOWNTOWN - Market’s Best-Located Student Housing Asset Positioned Just Two Blocks North of Campus and Within One Mile of Downtown Omaha.
RAPIDLY EXPANDING URBAN CORE - Omaha Has Emerged as a Millennial Favorite as Young Professionals Choose a More Urban Lifestyle, Walkable Neighborhoods, and Local Business Districts, Further Driving Demand for Universities and Housing Near the City.
MARKET OPPORTUNITY - While Currently Positioned as the Nicest Community for Many Creighton Students, There is Significant Demand to Expand to Traditional Apartment Renters in the Bustling Omaha Metro.
DISCOUNT TO REPLACEMENT COSTS - While There is Pent Up Demand for New Housing in the Market, Rising Construction Costs Have New Developments Priced Nearly 30% Above the Property Value.
MARKET’S NEWEST DELIVERY - In a Market Where the Average Age of a Student Housing Building is 25 Years Old, the Contemporary Design of Muse Omaha Appeals to the Modern-Day Student, and the Property’s Useful Life is Extended Beyond That of its Peers.
EMPTY PIPELINE - The Development Pipeline for Off-Campus Student Housing Assets Remains Empty at both Creighton University and the Nearby University of Nebraska Omaha.
BOLD VISION - Creighton’s Strategic Plan Suggests an Encouraging Outlook for the University’s Future Through Extensive Capital Investment to Revitalize the Campus and Academic Programs, Thereby Enticing Future Applicants and Bolstering Enrollment Growth.