Property Listings

The Fairway, a 167-unit, 298-bed student housing community, enjoys a strategic position near Purdue University’s bustling campus. With over 58,000 students within walking distance, The Fairway is poised to capture demand from an expanding student base seeking an attainable rental price point compared to new-construction properties which are 27.6% more expensive with an average market rent of $1,139 per bed.

The Fairway was originally constructed in the 1960s and had a third phase delivered in 2007. In 2018, all 12 buildings received extensive renovations, including brand-new appliances, in unit washer/dryer, upgraded flooring, stylish countertops, and modern cabinets. The property boasts ample amenities, including a pool, hot tub, fitness center, community room, and fenced dog park.

Recently renovated, well-amenitized, off-campus student housing

a. Recently renovated units featuring in unit washer/dryer, stainless-steel appliances, vinyl plank flooring, quartz countertops and modern cabinets

b. Full amenity package featuring a pool, hot tub, fitness center, community room, and fenced dog park

c. Well positioned just one mile from Top 10 Nationally Ranked Purdue University - over 58,000 students and 18,000+ employees

d. Immediate access to top retailers including grocers Walmart, Fresh Thyme, and Aldi, along with major convenience stores Walgreens and CVS

Record setting applications & minimal supply

a. Record number of applicants – Purdue University saw 7.8% YOY growth in applications for the 2024/25 school year with 78,526 submissions, and a 37.1% cumulative increase over the past 5 years

b. Outsized rent growth and tight occupancy driven by record enrollment - 16.6% rent growth in 2024 at Purdue with 98.8% occupancy, with 10.4% average YoY rent growth over the past 5 years for off-campus housing

c. Full-time enrollment dramatically outpaces supply – with 12,936 beds, off-campus supply equates to 26.2% of full-time enrollment, and only grew 3.9% (1,105 beds) in 2024 compared to a 10.6% increase in full-time enrollment

Opportunity to invest capital to elevate the asset and push rent

a. Despite being in receivership since December 2023, the asset has seen rent grow a staggering 17.2% from $761 per bed in 2024/25 to pre-leasing at $892 per bed for the 2025/26 school year

b. Average Off-Campus Rent/Bed is $1,078, a $186 gap that can be taken advantage of with additional capex to improve property condition, rejuvenating amenities, implementing a shuttle service and furnishing the units

The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Cushman & Mid-Atlantic Apartment Brokerage Services Team, is pleased to present the exclusive listing of Hopkins View, a student housing portfolio consisting of 23 units and 80 beds across twelve properties along the 500 block of North Castle Street in Baltimore, MD.

The portfolio offers a high-quality mix of residential properties, strategically located to serve graduate students at the John Hopkins East Baltimore Campus. It includes a three-story apartment building completed in 2022, with 12 units totaling 46 rentable beds along with an office and mailroom. The building also features a fully finished basement, designed as an amenity space for residents. Additionally, the portfolio comprises 10 three-bedroom townhomes and one four-bedroom townhome, all of which have undergone comprehensive renovations between 2016 and 2024. Each unit in the portfolio features bed-bath parity, offering a balanced and desirable living environment for tenants.

The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with Cushman & Wakefield Pyramid Brokerage Company, is pleased to present the exclusive listing of the 176-unit, 592-bed Monarch 716 apartment community located in Buffalo, New York. Built in 2017, the property is highly amenitized and in excellent condition situated adjacent to SUNY Buffalo State University and the Scajaquada Expressway. Monarch 716 is perfectly positioned for a conversion to conventional multifamily housing, offering investors and developers a prime opportunity to capitalize on Buffalo’s multifamily market renaissance.

Cushman & Wakefield’s Student Housing Team, Sunbelt Multifamily Advisory Group, and Larry G. Schedler & Associates, Inc. are proud to present the exclusive listing of River House Apartments, a premier 266-unit, 322-bed community in Downtown Baton Rouge, LA. Strategically positioned within 7.1 million square feet of office space and adjacent to I-10, the property offers seamless connectivity to Baton Rouge’s key employers. Just one mile from Louisiana State University, River House was developed in two phases (2018 and 2022) and presents a rare opportunity to acquire a Class A asset with built-in value-add potential in a prime live-work-play environment.

The sale of The Cottages on Campus will take place through a secure online open bid web portal on the Ten-X.com web platform. Please click the "Links" tab below to navigate to the Ten-X website for more details and all data room materials. The Auction is scheduled to begin on December 2nd, 2024, and conclude on December 4th, 2024.

The Cushman & Wakefield Student Housing Capital Markets Team, in conjunction with the Cushman & Wakefield Sunbelt Multifamily Advisory Team, is pleased to present the exclusive listing of The Forum at Sam Houston, a 294-unit, 450-bed student housing community in Huntsville, TX. Offering institutional-quality amenities and a convenient campus shuttle, the property is ideally located less than a mile from Sam Houston State University (SHSU). With rising enrollment, increasing market occupancy, and strong historical performance, The Forum presents a rare opportunity to acquire a high-performing asset in a thriving student housing market poised for continued growth.

The Cushman & Wakefield Student Housing Capital Markets Team, in partnership with the Cushman & Wakefield Pyramid Brokerage Company Team, is pleased to present the exclusive listing of The Meadows of Geneseo, a long-standing staple of SUNY Geneseo’s off-campus student housing community. Constructed in 1989 and renovated in 2022-23, The Meadows offers 90 spacious townhouse and ranch-style units, totaling 260 bedrooms. Conveniently located just across from the SUNY Geneseo campus, it provides students with a short walk to campus while offering the privacy and independence of off-campus living.

The Cushman & Wakefield Student Housing Capital Markets Team is pleased to present the exclusive listing of 11486 Corporate Boulevard, a 6.37-acre property in close proximity to the University of Central Florida. Ideally located for student housing catering to UCF’s nearly 70,000 students, the property can be redeveloped to accommodate 640 new beds per the existing office-to-residential land use conversion ratio, or up to 1,270 beds with the purchase of additional development rights. Current ownership has commenced the entitlement process, allowing a developer to step into a process already in motion, and under today’s planning and zoning regulations.

The Cushman & Wakefield Student Housing Capital Markets Group, in conjunction with the South Carolina Multifamily Advisory Group, is pleased to present the exclusive listing of Varsity Club, located in Clemson, SC. This 36-unit and 87-bed student housing asset offers an excellent market location off Old Greenville Hwy, providing residents direct access to Clemson University, a Power Four, Tier One and state ranked school system. Built in two phases, 2015 & 2023, Varsity Club is an exceptional opportunity to invest in quality and differentiated product in a growing Power 4 university market.

Cushman & Wakefield is pleased to present the exclusive listing of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029.

The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price of $19,700,000, equating to 7.0% cap rate on the in-place income.