584-BED PORTFOLIO NEAR TEMPLE UNIVERSITY
184 Total Units | 584 Beds | 68 Parcels | Temple University | Philadelphia
Marketing description
Global Real Estate Advisors (GREA) is pleased to extend to qualified investors the opportunity to acquire the fee simple interest in this 584-Bedroom Student Housing Portfolio (the “Portfolio”) located adjacent to Temple University’s main campus in Philadelphia, Pennsylvania. The Portfolio consists of 68 individual parcels, featuring 184 units and a total of 584 bedrooms.
The Properties in the Portfolio are strategically situated in the primary off-campus housing market serving Temple University, an institution with a significant student enrollment. This location offers students convenient access to campus facilities, as well as multiple SEPTA public transportation options, including subway lines, regional rail, and numerous bus routes. The area is well-connected by major roadways, including Broad Street (Route 611), and is in close proximity to Interstate 95 and Interstate 76.
The Student Housing Portfolio presents a compelling investment opportunity to acquire a scaled student housing portfolio with a strong in-place income and a significant footprint in a resilient and growing academic submarket. New ownership will benefit from the consistent demand driven by Temple University, the diverse unit mix catering to student needs, and the potential for continued rental growth.
Investment highlights
Significant Scale: A substantial portfolio encompassing 68 individual parcels, 184 residential units, and a total of 584 bedrooms, offering immediate scale in the Temple University submarket
Prime University Location: All properties are strategically positioned within walking distance to Temple University's main campus, placing them in the core of the off-campus student housing demand
Strong Financial Profile: The Portfolio is offered representing an attractive 7.7% pro forma capitalization rate based on a projected Net Operating Income of ±$2.95M
Diverse Unit Configuration: The Portfolio features a wide range of unit types from one-bedroom units to ten-bedroom units
Transit-Oriented: The properties boast excellent accessibility to a variety of public transportation options provided by SEPTA, including bus routes, subway lines (Broad Street Line), and regional rail services, enhancing convenience for student residents
Tax Abatement Benefits: A significant number of properties within the Portfolio may benefit from existing 10-year real estate tax abatements; Status and remaining terms of these abatements should be verified during due diligence
Robust Submarket Fundamentals: The Portfolio is situated in a strong and historically resilient student housing submarket, underpinned by Temple University's large and stable student enrollment and the consistent demand for off-campus housing
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