4050 Lofts – Tampa, Florida – University of South Florida
Located directly across the street from campus classrooms, the student center, area restaurants and nightlife at 4050 Rocky Circle on 10-plus acres, 4050 Lofts offers three- and four-bedroom units, each with a private bedroom and bath, and common living room and kitchen. The property will undertake a renovation that includes exterior upgrades, updating the swimming pool to include a new grilling station and furniture and individual unit enhancements in each kitchen.
“This is our fourth campus in Florida, a state in which we have considerable experience,” Preiss said. “The University of Southern Florida serves 42,000 students and continues to seek out-of-state and international students, as well as expand its enrollment of full-time, in-state students. The property’s location, combined with our proprietary, award-winning, student-centric operating programs, will give 4050 Lofts a competitive advantage.”
Property amenities include a 24-hour Tech Zone with both PC and Apple computers, cyber café with gourmet coffee bar, two swimming pools with outdoor grills and a club house with Wii gaming area and pool table.
The Avenue – Indianapolis, Indiana – Indiana University – Purdue University Indianapolis
Situated at 930 W. 10th Street across the street from the northern edge of the IUPUI campus, The Avenue is near the Indiana University Medical Center, a short walk to the Indiana University School of Medicine and adjacent to downtown Indianapolis. It is the closest complex to the University and only one of two purpose-built properties that has 100 percent leasing by the bedroom. The property offers studio, one-, two-, three- and four-bedroom units, each with its own private bathroom.
The property will undergo a substantial upgrade to include installing new 50-inch televisions in each unit, replacing corridor carpeting, enhancing the pool and pool deck, upgrading the internet service and renovating the clubhouse. A substantial majority of the one- and two-bedroom units will receive new furniture.
Amenities include on-site parking, salt-water swimming pool with outdoor kitchen and grill, restaurants and retail stores on the approximate three-acre site. The property also features a fully furnished media room, free Wi-Fi access and full-sized washer and dryer in each unit.
“The Avenue is our first student housing investment in Indiana and marks the 27th campus currently in our portfolio,” Preiss noted. “This property enjoys an irreplaceable location in relationship to the campus and, along with our award-winning operating programs, will allow us to be the leader in student housing serving IUPUI.”