Letterman Greensboro

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3610 Clifton Rd | Greensboro, NC 27407

576

Beds

83%

Occupancy

168

Units

Opportunity

Property Info

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Contact

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1,183

Avg Unit Size SF

$1.85

Avg Rent per SF

2009

Year Built

· Significant value-add; updating remaining units would generate an additional $200,000 per year · The state of North Carolina projected 5th highest enrollment gain in the country · Water conservation plan vetted to create over $75,000 per year in savings · Strong rent growth in a 95% occupied market with no slated development · UNC Greensboro expanding campus by 73-acres and over $200M in major developments

THE OPPORTUNITY

Located in the heart of Greensboro, the University of North Carolina at Greensboro boasts more than 30 academic buildings on 250 acres. Founded in 1891, the UNC Greensboro features the perfect balance of historic and modern architecture. Nearly 2.3 million square feet of campus space was constructed prior to 2000, encouraging room for future growth. UNC Greensboro's current master plan focuses on catering to a generation that prioritizes a live-work-play lifestyle. Students at the University of North Carolina Greensboro can choose from a variety of housing options in the area. Although there is no on-campus living requirement, approximately 80% of first-year freshmen choose to live in university-affiliated housing. The university has the capacity to house approximately 30% of the total student population, generating significant demand in the area's rental market.

University Overview

APARTMENT Amenities

24 Hour Fitness Gym TV Lounge Basketball Court Swimming Pool Volleyball Court Clubhouse Business Center On-site Maintenance LEED Certified Individual Bathrooms Fully Furnished with TV Full Kitchen Friendly and Caring Staff Shuttles to UNCG and A&T

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Additional Storage Dishwasher Free Internet Washer Air Conditioner Cable/Satellite Dryer Refrigerator Walk-In Closets

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Community Amenities

PROPERTY INFORMATION

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: https://www.berkadia.com/licensing/.

Brandon Buell

Senior Managing Director – Student Housing 346.444.8982 | brandon.buell@berkadia.com

Kevin Larimer

Senior Managing Director - Student Housing 248.341.3305 | kevin.larimer@berkadia.com

BERKADIA STUDENT HOUSING TEAM

CONTACT Info

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

125 South Wacker Drive Suite 400 Chicago, IL 60606 Phone: 312.845.8500

Chicago Office

Mark Boyce

Managing Director 843.628.3765 | mark.boyce@berkadia.com

Jie Lee

Associate Director 949.622.9267 | jie.lee@berkadia.com

Mortgage Bankers

Aaron Moll

Senior Director 248.208.0529 | aaron.moll@berkadia.com

Peter Benedetto

Senior Managing Director 248.208.3462 | peter.benedetto@berkadia.com

LOCATION

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