Multi-Housing

Stillwater Student Housing

920 E Loveland Dr Stillwater, OK United States 74075-4852
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2013
Building Area
Number of units 230

Property Description

Jones Lang LaSalle, L.P. and JLL Real Estate Limited (collectively, “JLL”) proudly present Stillwater Student Housing (the “Property”), a 798 bed / 230 unit best-in-class, 100% occupied, cottage-style student housing community located at Oklahoma State University (“Oklahoma State”). Oklahoma State is a nationally recognized Power-5 university with Fall 2020 enrollment of 24,649 students from 100+ countries and all 50 states. Student housing properties in the market located over a mile from campus are 98.4% occupied for the Fall 2021-2022 academic year. The opportunity allows investors to increase EGI by approximately $1,000,000 by implementing a value-add program and utilizing the ample green space.

Investment Highlights

  • Tier I, Power-5 University with zero beds in the pipeline
  • 100% occupied cottage-style property with best amenities and largest units in the market
  • First asset in the market to lease-up with rents currently below the competitive set demonstrates an opportunity for organic rent growth
  • Ability to increase annual revenue $1MM by adding private yards, charging premiums for preferred bedroom types and performing light unit interior renovations
Last Updated Date: 24 Sep 2021
Barry Brown
Barry Brown
Senior Managing Director, Retail Group Leader
License details
AL-000066272-0 CO-EA.100005864 MS-B17703 OK-140058 TX-0267878

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Last Updated Date: 24 Sep 2021

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