NB Stadium View DST

2119 S 11th Ave, Bozeman, MT 59715

Total Offering Price $47,731,725

Investor Equity $19,612,725

  • Total Loan Amount $28,119,000
  • Loan-to-Value 58.91%
  • Current Occupancy 100%
  • Minimum Investment $50,000

Stadium View was just recently opened for the 2015-2016 school year. With steady enrollment growth at Montana State and limited new supply, Stadium View pre-leased to capacity by May 2015 – 3 months before school began.

2119 S 11th Ave, Bozeman, MT

Located on the south side along University Way, the property is directly adjacent to the Montana State University and the Bobcat football stadium, providing excellent visibility and an easy walk to campus for students.

Property Summary

Stadium View was just recently opened for the 2015-2016 school year. With steady enrollment growth at Montana State and limited new supply, Stadium View pre-leased to capacity by May 2015 – 3 months before school began. Each lease is for a 12-month term with parental guaranteed for both rent and damage liability.

Located on the south side along University Way, the property is directly adjacent to the Montana State University and the Bobcat football stadium, providing excellent visibility and an easy walk to campus for students.

STADIUM VIEW provides an upscale living experience that balances luxury, security with what Nelson Brothers believes to be an excellent location convenient to campus – all at a price point comparable to on-campus housing and Class B communities that make up most of the market. All units are fully furnished with a 48-inch flat screen TV and feature private bedrooms with queen sized, pillowtop mattress bed and private bathrooms. The property features a fully amenitized 4,971 square foot clubhouse with business center, first class workout room, study lounges and gathering spaces. Additional on-site amenities include a hot tub, volleyball court, ski tuning & bike maintenance room, ski storage, covered bike storage, a leasing office and 1600 square feet of ground floor retail space.

property Profile

  • Number of Units 139
  • Number of Beds 499
  • Year of Construction Opened August 2015
  • Land Size 9 acres
  • Current Occupancy 100%

MONTANA state University

MSU finding classrooms, beds for surge of students

By Gail Schontzler Chronicle Staff Writer • Aug 26, 2015

First-year student Hannah Herrick says she hasn’t had any trouble getting into the housing or classes she wants at Montana State University, despite an expected record enrollment at the Bozeman campus. Herrick said a friend told her that some residence halls have students “sleeping in the lobby.” But she and a halfdozen students walking outside North Hedges dorm said they haven’t had any problems…

Montana State University has experienced consistent enrollment growth with decade-after-decade of incline. More recently the university has shown steady year-over-year growth as part of the Plan 2015. MSU’s 2015 freshman class is the university’s largest ever with 3,026 students, an increase of 3% over last year. The University is anticipating continued growth of over 16,000 students by 2019.

Floor Plans an d Unit Mix

Stadium View features an efficient unit mix of 1-,2-,4- and 5-bedroom units designed to capture a broad market of students with rents ranging from $530 to $885 per bed per month. While most bedrooms have their own private bathroom, the property does have a handful of shared bedrooms/bathrooms for more price sensitive students.

ABOUT Nelson Brothers

16B Journey | Aliso Viejo, CA 92656 (800) 580-1031

Current Management Portfolio At-A-Glance:

Founded in 2007, Nelson Brothers specializes in what the firm considers to be well-positioned student housing properties. Headquartered in Orange County, CA, Nelson Brothers manages over $500 million in real estate with more than 100 employees.