Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2017
Building Area
Number of units 122

Property Description

Jones Lang LaSalle (“JLL”), as an exclusive advisor, proudly presents Aspen Ames, a market-leading student housing property at Iowa State University as demonstrated by achieving preleasing of 99% while the market average sat at 36% in December 2020. With no additional supply anticipated through Fall 2024, and the greater Des Moines area projected to experience tremendous near-term growth, fundamental pressures signal opportunity to capture outsized rent growth at the market’s most popular property.

Investment Highlights

∙ Enrollment of Nearly 32,000 Is 3rd Largest in Big 12

∙ In-Unit Washer & Dryer with Granite Countertops for Kitchen & Bathroom

∙ 5 Blocks to Undergraduate Entertainment Scene at Campustown

∙ No Supply Anticipated through at Least Fall 2024 

∙ Market Average Preleasing over 10% Ahead of Last Year's Pace

Last Updated Date: 29 Jun 2021
Scott Clifton
Scott Clifton
Senior Director, Capital Markets
License details
IL-475.17091
Stewart Hayes
Stewart Hayes
Senior Director, Capital Markets
License details
IL-475.175313

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Last Updated Date: 29 Jun 2021

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