The Trust will acquire a newly constructed, 99% leased, Class “A”, purpose-built student housing property located at 2780 Enterprise Road, Reno, Nevada 89512 commonly known as The Summit (“The Summit”). The Summit is a seven building LEED Certified Silver, 186 Unit /709 bed student housing community on 8.95 acres located one block from the University of Nevada, Reno (“UNR”) campus. The Units are fully furnished including energy efficient appliances, interior washer/dryer, and condominium finishes with granite countertops, pendant lighting, espresso finish cabinets and wood vinyl plank flooring. The property contains fiber optic Investment Objectives The objective of this investment is to acquire a newly constructed, Class “A”, purpose-built Student Housing property located near the University of Nevada, Reno; retain a highly regarded student housing management services firm; and hold for cash flow and future appreciation. Located one block from the UNR campus, this seven-building, cable with 1 Gigabit of bandwidth capacity offering students the benefit of very fast and reliable internet connectivity and ability to stay connected to multiple devices to support their academic and entertainment needs.
The Summit offers an extraordinary amenities package including a two-story clubhouse with a fitness center, game lounge, pool, spa, computer room and business center, M-F campus shuttle service, common area BBQ’s, tanning room, security, 14 private study rooms, covered parking, gated access and covered bike storage areas.