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|Building Area Net||
|Number of units||298|
848 Mitchell is a 298 unit / 687 bed core asset at the University of Texas at Arlington (“UTA”). The Property is 95% occupied and 99.5% pre-leased for Fall 2022 and has achieved over 5% rent growth year-over-year. Investors are offered the opportunity to invest in a core asset that provides consistent cash flow that is walkable to a premier research university in the thriving state of Texas.
- Institutional asset adjacent to campus with market leading amenities and community features
- 848 Mitchell is 95% occupied and 99.5% pre-leased for the 2022 Academic Year (5% rent growth year-over-year)
- Outstanding UTA student housing market with less than 9,000 on and off-campus student housing beds and over 43,000 students
- Significant rent growth opportunity by closing the $42 delta between the comp set and 848 Mitchell, yielding an additional $320,000 in annual revenue