APARTMENT Amenities
Saltwater Swimming Pool
State-of-the-Art Fitness Center
Complimentary Tanning Bed
24-Hour Game and TV Room
24-Hour Business Center
Laundry Facilities
24-Hour Emergency Maintenance
Pet-Friendly
Hassle-Free Resident Liability Program
Community Amenities
PROPERTY INFORMATION
LOCATIONS
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University of Kansas, Lawrence Kansas
729
AVG. SF
468
BEDS
248
UNITS
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Brandon Buell
Senior Managing Director
346.444.8982
brandon.buell@berkadia.com
Kevin Larimer
Senior Managing Director
248.341.3305
kevin.larimer@berkadia.com
BERKADIA STUDENT HOUSING
CONTACT INFORMATION
Mortgage Bankers
28411 Northwestern Highway, STE 300
Southfield, MI 48034
Phone: 248.646.7701
Detroit Office
2229 San Felipe Street, Ste 1600
Houston, TX 77019
Phone: 713.974.1300
Houston Office
4800 Main Street, Ste 501
Kansas City, MO 64112
Phone: 816.531.2884
Kansas City OFFICE
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THE OPPORTUNITY
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Private Garden-Style Space
Studio, One-, Two-, Three-, and Four-Bedroom Apartments
Modern Features & Additions
Cable & Internet (Wired and WiFi)
Hardwood Floors*
Granite Countertops*
Stainless-steel appliances*
Spacious Living Area
Fully Equipped Kitchens
In-Home Washer and Dryer
Balconies Available
All Utilities Included
Loft-Style Units Available
Unfurnished Units
*in select units
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In the fall of 2022, the University of Kansas welcomed 23,872 students at the Lawrence campus. Of the total student body at the start of the fall 2022 semester, 18,706 were undergraduate students and 5,166 students were seeking graduate and professional degrees. KU's first-time, first-year student cohort has totaled 4,457 students in the fall 2022 semester, up 8.2% from one year prior.
The University of Kansas does not have a live-on requirement and maintains just over 4,700 on-campus beds. Over 19,100, 80% of students are in need of off-campus housing options.
University Overview
Michael Spero
Senior Director
816.656.3705
michael.spero@berkadia.com
Niko Vrentas
Associate Director
816.759.0368
niko.vrentas@berkadia.com
KEN ASTON
Managing Director
314.984.5590
ken.aston@berkadia.com
INVESTMENT SALES
Aaron Moll
Senior Director
248.208.0529
aaron.moll@berkadia.com
Peter Benedetto
Senior Managing Director
248.208.3462
peter.benedetto@berkadia.com
Steve Skok
Managing Director
312.845.5164
steve.skok@berkadia.com
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GALLERY
PROPERTY INFORMATION
OPPORTUNITY
Three distinct pedestrian locations, with preleasing above 98%
Dramatic discount to replacement cost and low basis compared to competing assets
Attractive cap rate and leveraged IRR above 20%
Better than market assumable debt available
The University of Kansas (KU) Fall 2022 freshman class was its largest since 2008 and second largest in history
$374M in University of Kansas athletic facility developments adjacent to the property
Total enrollment of 27,638 students
Primed for significant rental growth with moderate capital infusion
Hawks Pointe rents are $95 per bed below the market average even with year over year rent growth over 7%
Average occupancy of competitive properties is 96%.
$1.37
PER SF
98%
PRE
96%
OCC