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The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Southeast Multifamily Advisory Group, is excited to present the exclusive listing of the Arcadia on the River student apartment community in Milledgeville, Georgia. Completed and opened in August 2017, the 123-unit, 510-bed, modern cottage community is located adjacent to the Oconee River and Greenway, minutes from Milledgeville’s three highly-ranked colleges and universities and thriving downtown commercial district. Given its premier location, top-of-market amenities, and upscale cottage-style residences, this high-demand asset offers an outstanding opportunity to supplement or initiate a student housing investment strategy within one of Georgia’s most rapidly-expanding student-oriented markets.
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Arcadia on the River
Offers Due:  Wednesday, February 22, 2023
123 Units | 510 Beds
120 Pumping Station Road
Milledgeville, GA  31061
Type: Student
Posted: 1/11/2023

The Cushman & Wakefield Student Housing Capital Markets Team in conjunction with RI Marketplace is pleased to present the exclusive listing of The Commons on Pratt, a 134-unit, 135-bed, student housing apartment community at the Indiana University of Pennsylvania (IUP). This asset is situated directly adjacent to IUP with immediate access on the south side of campus. Built in 1968, The Commons on Pratt offers an outstanding opportunity to invest in a well maintained, quality asset, at an extremely attractive basis below replacement costs in a market with no forward development pipeline.

This property will be offered at a reserve auction through the RI Marketplace platform. The auction end date is set for November 17th, 2022.   Visit the RI Marketplace platform here to review the information and set up an account prior to participating in the November auction.

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Under Contract
The Commons on Pratt
134 Units | 135 Beds
657 Pratt Drive
Indiana, PA  15701
Posted: 9/26/2022
Cushman & Wakefield is pleased to offer the opportunity to acquire University Station, a Class A, five-building mixeduse development in Cincinnati. Located adjacent to Xavier University, a prominent private university with a total enrollment of 6,000+ undergraduate and graduate students, the development consists of:

• 226 Class A student housing apartment units (608 beds) in three of the five buildings
• 42,225 of Class A medical/clinical office space in one, 2-story office building
• 34,916 SF of retail space: 4,500 SF in a free-standing building and 30,416 on the first floor of one of the three student apartment buildings
• 13.86 total acres and 906 total parking spaces


In addition to the five buildings, the opportunity includes development rights for approximately 3.7 acres that adjoin University Station. Details included in the ground lease summary located in the appendix.


1. COMPETITIVE ADVANTAGE
University Station is the only fully amenitized, purpose-built student housing community serving Xavier students. With high-end finishes, including granite counter tops and stainless-steel appliances, in-unit laundry and separate bedrooms and bathrooms, University Station is also the only Class A student housing complex serving the student population. The asset is newly constructed with Phase I developed in 2014 and Phase II constructed in 2020. Current amenities include swimming pool, study areas, workout facility, game room and theatre room.

2 .PRE-LEASING
Student Housing is pre-leased at 70% as of January 2023 for the 2023/24 school year which is significantly above the preceding school year (54%).

3 HIGH QUALITY OFFICE TENANCY
With TriHealth, an A+ rated health system, and CTI Clinical Trial and Consulting Services, a globally recognized Contract Research Organization, the office tenancy provides secure and stable cash flow.

4. VALUE CREATION
New ownership will be able to significantly upgrade the ‘curb appeal’ of the student housing apartments by upgrading the existing facilities and adding additional amenities. There is also the opportunity to add value through the lease up of vacancy within the retail component of the asset, which is anchored by the Xavier University Bookstore and Starbucks.

5. EXCELLENT LOCATION
University Station is seamlessly integrated with Xavier University’s campus, providing students with immediate access to all the University’s educational facilities. Xavier currently has its "All for One Shop" Bookstore in one of University Station’s retail suites and Xavier recently opened its Health United Building, an on-campus health and wellness facility located across the street from University Station.

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University Station - Xavier University
226 Units | 608 Beds
1725 Cleneay Ave.
Cincinnati, OH  45212
Type: Student
Posted: 1/23/2023