Campus View

Campus View presented a unique opportunity to acquire an older, first-generation student housing asset managed by a conventional apartment owner/operator. The property suffered from deferred maintenance and a lack of student housing focused management. Upon acquisition, Campus Advantage implemented its Students Firstâ„¢ Residence Life program as well as invested nearly $2.8 million in capital. Over the course of the next five years, Campus Advantage was able to secure and grow a master lease arrangement with the University of Missouri, as well as renovate nearly 70% of the interior units. The property was sold in July 2014.

  • Role: General Partner of JV with Institutional Investor
  • Location: Columbia, MO (University of Missouri)
  • Acquisition: March 2008
  • Beds: 656
  • Strategy: Value Add
  • Purchase Price: $13.5 million
  • Total Investment: $16.2 million
  • Loan-to-Cost: 68% (loan assumption)
  • Sold July 2014 for $27.2 million
  • NOI Increase since Inception: 154%
  • Outperformed Pro Forma NOI by 23%
  • 25.1% IRR (realized)
  • 3.1x MOIC (realized)