Constructed in 2008, the 140 unit (206,220sf) apartment complex is comprised of 6 three-story buildings located on 41.9 acres of land.
The property is located within the University Heights subdivision and is walking distance to the Murray State University. There are two separate types of floor plans, with an average unit size of 1,473 sf. The property offers an amenity package that includes: a sparkling swimming pool, tanning bed, fitness center, computer lab, game room with pool table and flat screen TV including a Wii, and outdoor fireplace with grill. Unit amenities include: private bedrooms, washer and dryer in each unit, personal storage, high-speed internet in each bedroom, fully furnished apartments, full sized kitchens, free cable and 24 hour maintenance.
- Acquire a newly constructed, non-stabilized asset on an all-cash basis
- Replace the student led management team with a professionally run team by Lynd.
|Investment Type:||Distressed Student Housing Opportunity|
|Property Type:||Student Housing|
|Status:||Campus Core Murray has been sold to a private real estate firm|