2017 N 17th St, Philadelphia, PA 19121

The Portfolio consists of 15 properties/parcels that house 45 units with 162 bedrooms, and are adjacent to Temple University’s main campus. All of the properties are situated west of the campus which has quickly become the most desirable area for students living off campus. A bulk of the properties are along North 17th Street near Montgomery Avenue. The Portfolio is 92% leased for the 2025-26 school year.

The student units feature open floor plans with modern kitchens, private baths, hardwood floors, stainless steel appliances (select units), and in-unit washers/dryers or shared laundry facilities in the basement. Further, some of the properties offer private off-street parking or a rear yard. Each building offers security measures including key fob entry and an array of security cameras around and throughout the buildings.

Temple University is a well-recognized university in Philadelphia with an enrollment of just over 33,000 students for the 2023 school year (Axio Metrics). The University offers 5,300± on-campus beds (CollegeHouse) leaving roughly 27,000 students searching for off-campus housing. Temple is known for the Tyler School of Art and Architecture, the Fox School of Business, and Maurice H. Kornberg School of Dentistry, which are only a few of its 17 schools and colleges. Temple University offers 500+ academic programs, 160+ bachelor’s degree areas, and over 175 master’s degree areas. The campus sits two miles from Center City Philadelphia on a 118-acre campus, employing over 6,000 faculty and staff.

The properties in the Portfolio - and Temple University - are strategically located near various SEPTA transit stations including the Broad Street Line subway stations at Cecil B. Moore Avenue and Susquehanna Avenue/Dauphin Street, the Temple University Regional Rail Station, and over a dozen different bus routes. This area is also accessible via Route 611 (North Broad Street), Ridge Avenue, and Interstates 76 and 95.

This 162-bedroom portfolio represents an opportunity to acquire a newer construction student housing portfolio with a critical mass of well-constructed buildings in the heart of Temple University’s off-campus student housing corridor. A new buyer will benefit from these locations with excellent long-term occupancy and steady rental growth.